https://www.taxtmi.com/caselaws?id=391288 The Tribunal admitted the application for initiation of Corporate Insolvency Resolution Process (CIRP) under Section 7 of IBC, 2016, confirming the default in payment of the financial debt by the Corporate Debtor. Mr. Ashok Kriplani was appointed as the Interim Resolution Professional (IRP), and a moratorium was imposed as per Section 14 of IBC, prohibiting certain actions against the Corporate Debtor during the insolvency process. The order required communication to relevant parties and authorities for compliance and record-keeping. en-us Fri, 20 Sep 2019 00:00:00 +0530 Fri, 24 Jan 2020 12:23:59 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=391288 The Tribunal admitted the application for initiation of Corporate Insolvency Resolution Process (CIRP) under Section 7 of IBC, 2016, confirming the default in payment of the financial debt by the Corporate Debtor. Mr. Ashok Kriplani was appointed as the Interim Resolution Professional (IRP), and a moratorium was imposed as per Section 14 of IBC, prohibiting certain actions against the Corporate Debtor during the insolvency process. The order required communication to relevant parties and authorities for compliance and record-keeping. Case-Laws Insolvency and Bankruptcy Fri, 20 Sep 2019 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=391288