https://www.taxtmi.com/caselaws?id=392887 The Tribunal admitted the Company Petition under section 9 of the IBC, initiating Corporate Insolvency Resolution Process against the Corporate Debtor due to default in payment of operational debt. The Tribunal established the debt and default, appointed an Interim Resolution Professional, imposed a moratorium under section 14 of the IBC, and directed management of the Corporate Debtor during the CIRP. The Operational Creditor's proposed professional was appointed to oversee affairs, with obligations for cooperation and information provision outlined. en-us Thu, 12 Dec 2019 00:00:00 +0530 Mon, 02 Mar 2020 11:48:22 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=392887 The Tribunal admitted the Company Petition under section 9 of the IBC, initiating Corporate Insolvency Resolution Process against the Corporate Debtor due to default in payment of operational debt. The Tribunal established the debt and default, appointed an Interim Resolution Professional, imposed a moratorium under section 14 of the IBC, and directed management of the Corporate Debtor during the CIRP. The Operational Creditor's proposed professional was appointed to oversee affairs, with obligations for cooperation and information provision outlined. Case-Laws Insolvency and Bankruptcy Thu, 12 Dec 2019 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=392887