https://www.taxtmi.com/caselaws?id=392469 The Tribunal admitted the application under section 9 of the Insolvency and Bankruptcy Code, 2016, finding the Operational Creditor entitled to claim dues against the Corporate Debtor. An Interim Resolution Professional was appointed, and the Operational Creditor was directed to deposit funds to cover expenses. A moratorium was imposed on the Corporate Debtor, and the order was communicated to relevant parties for compliance. The judgment detailed the non-payment default by the Corporate Debtor, the response citing financial difficulties, and the initiation of the Corporate Insolvency Resolution Process. en-us Wed, 04 Dec 2019 00:00:00 +0530 Wed, 19 Feb 2020 16:54:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=392469 The Tribunal admitted the application under section 9 of the Insolvency and Bankruptcy Code, 2016, finding the Operational Creditor entitled to claim dues against the Corporate Debtor. An Interim Resolution Professional was appointed, and the Operational Creditor was directed to deposit funds to cover expenses. A moratorium was imposed on the Corporate Debtor, and the order was communicated to relevant parties for compliance. The judgment detailed the non-payment default by the Corporate Debtor, the response citing financial difficulties, and the initiation of the Corporate Insolvency Resolution Process. Case-Laws Insolvency and Bankruptcy Wed, 04 Dec 2019 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=392469