https://www.taxtmi.com/caselaws?id=391604 The Operational Creditor filed a Company Petition under section 9 of the Insolvency & Bankruptcy Code, 2016 against the Corporate Debtor for non-payment, leading to the initiation of Corporate Insolvency Resolution Process (CIRP). The Tribunal admitted the petition based on evidence of default and debt, ordering the commencement of CIRP. A moratorium was imposed under section 14 of the IBC, affecting various actions concerning the Corporate Debtor. An Interim Resolution Professional (IRP) was appointed, and financial obligations were directed towards the Operational Creditor for expenses related to the process. Compliance measures were outlined for the management of the Corporate Debtor during CIRP. en-us Tue, 22 Oct 2019 00:00:00 +0530 Mon, 03 Feb 2020 11:17:15 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=391604 The Operational Creditor filed a Company Petition under section 9 of the Insolvency & Bankruptcy Code, 2016 against the Corporate Debtor for non-payment, leading to the initiation of Corporate Insolvency Resolution Process (CIRP). The Tribunal admitted the petition based on evidence of default and debt, ordering the commencement of CIRP. A moratorium was imposed under section 14 of the IBC, affecting various actions concerning the Corporate Debtor. An Interim Resolution Professional (IRP) was appointed, and financial obligations were directed towards the Operational Creditor for expenses related to the process. Compliance measures were outlined for the management of the Corporate Debtor during CIRP. Case-Laws Insolvency and Bankruptcy Tue, 22 Oct 2019 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=391604