https://www.taxtmi.com/caselaws?id=392468 The Company Petition under section 9 of the Insolvency & Bankruptcy Code, 2016 (IBC) filed by Arihant Packers against a private limited company for unpaid dues was successful. The Adjudicating Authority admitted the petition, initiating Corporate Insolvency Resolution Process (CIRP) against the Corporate Debtor. A moratorium under section 14 of the IBC was imposed, appointing an Interim Resolution Professional (IRP) to manage the Corporate Debtor during CIRP. The Operational Creditor was directed to deposit funds for expenses, and communication of the order was mandated for compliance. en-us Thu, 21 Nov 2019 00:00:00 +0530 Wed, 19 Feb 2020 17:09:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=392468 The Company Petition under section 9 of the Insolvency & Bankruptcy Code, 2016 (IBC) filed by Arihant Packers against a private limited company for unpaid dues was successful. The Adjudicating Authority admitted the petition, initiating Corporate Insolvency Resolution Process (CIRP) against the Corporate Debtor. A moratorium under section 14 of the IBC was imposed, appointing an Interim Resolution Professional (IRP) to manage the Corporate Debtor during CIRP. The Operational Creditor was directed to deposit funds for expenses, and communication of the order was mandated for compliance. Case-Laws Insolvency and Bankruptcy Thu, 21 Nov 2019 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=392468