https://www.taxtmi.com/caselaws?id=287060 The Adjudicating Authority found the Corporate Debtor in default of payment, accepted the Application under Section 7 of the Insolvency and Bankruptcy Code, and ordered the commencement of the Corporate Insolvency Resolution Process within 180 days. An Interim Resolution Professional was appointed, and a moratorium was declared to protect the Corporate Debtor's assets. The Corporate Debtor's directors and associates were instructed to cooperate with the IRP, and all parties were directed to comply with the decision. en-us Mon, 12 Mar 2018 00:00:00 +0530 Fri, 27 Mar 2020 09:49:42 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=287060 The Adjudicating Authority found the Corporate Debtor in default of payment, accepted the Application under Section 7 of the Insolvency and Bankruptcy Code, and ordered the commencement of the Corporate Insolvency Resolution Process within 180 days. An Interim Resolution Professional was appointed, and a moratorium was declared to protect the Corporate Debtor's assets. The Corporate Debtor's directors and associates were instructed to cooperate with the IRP, and all parties were directed to comply with the decision. Case-Laws Insolvency and Bankruptcy Mon, 12 Mar 2018 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=287060