https://www.taxtmi.com/caselaws?id=394600 The Tribunal admitted the petition for Corporate Insolvency Resolution Process (CIRP) against the private company, establishing the debt and default. A moratorium was imposed under section 14 of the Insolvency & Bankruptcy Code, suspending legal actions and asset transfers. An Interim Resolution Professional was appointed to manage the company's affairs during CIRP, with specific responsibilities outlined. The Operational Creditor was directed to deposit funds for expenses and comply with reporting requirements. The order included provisions for continued supply of essential goods or services and communication among relevant parties. en-us Mon, 16 Dec 2019 00:00:00 +0530 Sat, 18 Apr 2020 14:13:44 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=394600 The Tribunal admitted the petition for Corporate Insolvency Resolution Process (CIRP) against the private company, establishing the debt and default. A moratorium was imposed under section 14 of the Insolvency & Bankruptcy Code, suspending legal actions and asset transfers. An Interim Resolution Professional was appointed to manage the company's affairs during CIRP, with specific responsibilities outlined. The Operational Creditor was directed to deposit funds for expenses and comply with reporting requirements. The order included provisions for continued supply of essential goods or services and communication among relevant parties. Case-Laws Insolvency and Bankruptcy Mon, 16 Dec 2019 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=394600