https://www.taxtmi.com/caselaws?id=393344 The Tribunal admitted the petition under Section 7 of the Insolvency and Bankruptcy Code, 2016, finding the existence of debt and default by the Corporate Debtor. The order prohibited suits or proceedings against the Corporate Debtor, transferring or disposing of assets, and actions to enforce security interests. An Interim Resolution Professional was appointed to carry out the functions under the Insolvency & Bankruptcy Code, 2016, with immediate communication of the order to both parties by the Registry. en-us Fri, 20 Dec 2019 00:00:00 +0530 Fri, 13 Mar 2020 11:13:45 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=393344 The Tribunal admitted the petition under Section 7 of the Insolvency and Bankruptcy Code, 2016, finding the existence of debt and default by the Corporate Debtor. The order prohibited suits or proceedings against the Corporate Debtor, transferring or disposing of assets, and actions to enforce security interests. An Interim Resolution Professional was appointed to carry out the functions under the Insolvency & Bankruptcy Code, 2016, with immediate communication of the order to both parties by the Registry. Case-Laws Insolvency and Bankruptcy Fri, 20 Dec 2019 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=393344