https://www.taxtmi.com/caselaws?id=392947 The National Company Law Tribunal, Mumbai, admitted a Company Petition filed by a Financial Creditor under Section 7 of the Insolvency & Bankruptcy Code against a Private Company, the Corporate Debtor, for defaulting on payments exceeding Rupees ten crores. The Tribunal found the petition admissible, initiating the Corporate Insolvency Resolution Process, appointing an Interim Resolution Professional, and imposing a moratorium under Section 14 of the IBC. Detailed directions were provided for managing the Corporate Debtor during the resolution process, ensuring a structured approach to resolving the financial dispute. en-us Mon, 25 Nov 2019 00:00:00 +0530 Tue, 03 Mar 2020 11:23:40 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=392947 The National Company Law Tribunal, Mumbai, admitted a Company Petition filed by a Financial Creditor under Section 7 of the Insolvency & Bankruptcy Code against a Private Company, the Corporate Debtor, for defaulting on payments exceeding Rupees ten crores. The Tribunal found the petition admissible, initiating the Corporate Insolvency Resolution Process, appointing an Interim Resolution Professional, and imposing a moratorium under Section 14 of the IBC. Detailed directions were provided for managing the Corporate Debtor during the resolution process, ensuring a structured approach to resolving the financial dispute. Case-Laws Insolvency and Bankruptcy Mon, 25 Nov 2019 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=392947