https://www.taxtmi.com/caselaws?id=392630 The Tribunal has jurisdiction to deal with the petition as the Corporate Debtor is a private company incorporated under the Companies Act, 1956, with its registered office in Maharashtra. The Operational Creditor filed the petition due to the Corporate Debtor's failure to pay a principal amount of Rs. 8,25,000.00 and interest of Rs. 1,01,305.00, leading to the establishment of default. The Tribunal found the application complete, admitted the petition, initiated the Corporate Insolvency Resolution Process (CIRP), appointed an Interim Resolution Professional (IRP), and issued relevant directions for the management of the Corporate Debtor during the CIRP. en-us Mon, 02 Dec 2019 00:00:00 +0530 Tue, 25 Feb 2020 06:08:41 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=392630 The Tribunal has jurisdiction to deal with the petition as the Corporate Debtor is a private company incorporated under the Companies Act, 1956, with its registered office in Maharashtra. The Operational Creditor filed the petition due to the Corporate Debtor's failure to pay a principal amount of Rs. 8,25,000.00 and interest of Rs. 1,01,305.00, leading to the establishment of default. The Tribunal found the application complete, admitted the petition, initiated the Corporate Insolvency Resolution Process (CIRP), appointed an Interim Resolution Professional (IRP), and issued relevant directions for the management of the Corporate Debtor during the CIRP. Case-Laws Insolvency and Bankruptcy Mon, 02 Dec 2019 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=392630