https://www.taxtmi.com/caselaws?id=394734 The Tribunal admitted the application filed by M/s. A.B. Stainless Steel, initiating Corporate Insolvency Resolution Process (CIRP) against M/s. International Coil Ltd. for defaulting on operational debt. Despite the Corporate Debtor's claims of pre-existing disputes, the Tribunal found them unsubstantiated, appointed an Interim Resolution Professional (IRP), and declared a moratorium under Section 14 of the Insolvency & Bankruptcy Code, 2016. The Tribunal directed compliance with procedural requirements and communication of the order to relevant parties and the Registrar of Companies. en-us Mon, 16 Dec 2019 00:00:00 +0530 Thu, 23 Apr 2020 10:40:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=394734 The Tribunal admitted the application filed by M/s. A.B. Stainless Steel, initiating Corporate Insolvency Resolution Process (CIRP) against M/s. International Coil Ltd. for defaulting on operational debt. Despite the Corporate Debtor's claims of pre-existing disputes, the Tribunal found them unsubstantiated, appointed an Interim Resolution Professional (IRP), and declared a moratorium under Section 14 of the Insolvency & Bankruptcy Code, 2016. The Tribunal directed compliance with procedural requirements and communication of the order to relevant parties and the Registrar of Companies. Case-Laws Insolvency and Bankruptcy Mon, 16 Dec 2019 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=394734