https://www.taxtmi.com/caselaws?id=394242 The Tribunal found in favor of the Financial Creditor, Oriental Bank of Commerce, in the case involving the triggering of Corporate Insolvency Resolution Process (CIRP) against the Corporate Debtor, M/s. Piyush Colonisers Limited. The Tribunal determined that the Financial Creditor had successfully established a case for triggering CIRP based on the evidence provided, including proper loan agreements and documentation. Consequently, the Tribunal declared a moratorium, appointed an Interim Resolution Professional, and directed the Corporate Debtor to cooperate with the IRP. en-us Mon, 30 Sep 2019 00:00:00 +0530 Mon, 06 Apr 2020 12:17:09 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=394242 The Tribunal found in favor of the Financial Creditor, Oriental Bank of Commerce, in the case involving the triggering of Corporate Insolvency Resolution Process (CIRP) against the Corporate Debtor, M/s. Piyush Colonisers Limited. The Tribunal determined that the Financial Creditor had successfully established a case for triggering CIRP based on the evidence provided, including proper loan agreements and documentation. Consequently, the Tribunal declared a moratorium, appointed an Interim Resolution Professional, and directed the Corporate Debtor to cooperate with the IRP. Case-Laws Insolvency and Bankruptcy Mon, 30 Sep 2019 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=394242