https://www.taxtmi.com/caselaws?id=393017 The Company Petition filed under section 9 of the Insolvency & Bankruptcy Code sought to initiate Corporate Insolvency Resolution Process against a private company for non-payment. The Operational Creditor provided evidence of debt and default, leading to the acknowledgment of liability by the Corporate Debtor. The Tribunal admitted the petition, initiated CIRP, imposed a moratorium, appointed an Interim Resolution Professional, and directed the Operational Creditor to deposit funds for expenses. Orders were communicated to relevant parties for compliance during the resolution process. en-us Tue, 03 Dec 2019 00:00:00 +0530 Wed, 04 Mar 2020 12:36:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=393017 The Company Petition filed under section 9 of the Insolvency & Bankruptcy Code sought to initiate Corporate Insolvency Resolution Process against a private company for non-payment. The Operational Creditor provided evidence of debt and default, leading to the acknowledgment of liability by the Corporate Debtor. The Tribunal admitted the petition, initiated CIRP, imposed a moratorium, appointed an Interim Resolution Professional, and directed the Operational Creditor to deposit funds for expenses. Orders were communicated to relevant parties for compliance during the resolution process. Case-Laws Insolvency and Bankruptcy Tue, 03 Dec 2019 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=393017