https://www.taxtmi.com/caselaws?id=391609 The Adjudicating Authority admitted the Company Petition under section 9 of IBC, initiating CIRP against the Corporate Debtor for non-payment of dues exceeding the minimum amount stipulated. The Authority found the Operational Creditor's application compliant and established the Corporate Debtor's default. A moratorium under section 14 of IBC was imposed, appointing an IRP to manage the Corporate Debtor. The Operational Creditor was directed to deposit funds for public notice expenses, and the Registrar of Companies was instructed to update the Corporate Debtor's information. en-us Tue, 03 Dec 2019 00:00:00 +0530 Mon, 03 Feb 2020 11:24:18 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=391609 The Adjudicating Authority admitted the Company Petition under section 9 of IBC, initiating CIRP against the Corporate Debtor for non-payment of dues exceeding the minimum amount stipulated. The Authority found the Operational Creditor's application compliant and established the Corporate Debtor's default. A moratorium under section 14 of IBC was imposed, appointing an IRP to manage the Corporate Debtor. The Operational Creditor was directed to deposit funds for public notice expenses, and the Registrar of Companies was instructed to update the Corporate Debtor's information. Case-Laws Insolvency and Bankruptcy Tue, 03 Dec 2019 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=391609