https://www.taxtmi.com/caselaws?id=393563 The Tribunal admitted the application for initiating Corporate Insolvency Resolution Process (CIRP) against the Corporate Debtor, M/s. AB Garments Impex LLP, due to default in payment of Rs. 7,00,355/- with interest at 18% per annum. The Operational Creditor successfully proved the default through evidence of goods supplied, unpaid invoices, and non-response from the Corporate Debtor. The Tribunal granted the Operational Creditor's claim for interest and imposed a moratorium under section 14 of the Insolvency & Bankruptcy Code, 2016. An Interim Resolution Professional was appointed, and the Operational Creditor was directed to deposit funds for initial CIRP expenses. en-us Wed, 18 Dec 2019 00:00:00 +0530 Thu, 19 Mar 2020 10:37:19 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=393563 The Tribunal admitted the application for initiating Corporate Insolvency Resolution Process (CIRP) against the Corporate Debtor, M/s. AB Garments Impex LLP, due to default in payment of Rs. 7,00,355/- with interest at 18% per annum. The Operational Creditor successfully proved the default through evidence of goods supplied, unpaid invoices, and non-response from the Corporate Debtor. The Tribunal granted the Operational Creditor's claim for interest and imposed a moratorium under section 14 of the Insolvency & Bankruptcy Code, 2016. An Interim Resolution Professional was appointed, and the Operational Creditor was directed to deposit funds for initial CIRP expenses. Case-Laws Insolvency and Bankruptcy Wed, 18 Dec 2019 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=393563