https://www.taxtmi.com/caselaws?id=394956 The National Company Law Tribunal, Mumbai Bench, admitted the Company Petition filed by an Operational Creditor under section 9 of the Insolvency & Bankruptcy Code, 2016, against a Corporate Debtor for payment default. The Tribunal established jurisdiction based on the Corporate Debtor's registration details and found the Operational Creditor's application complete. Consequently, the Tribunal initiated the Corporate Insolvency Resolution Process, appointed an Interim Resolution Professional, imposed a moratorium under section 14 of the IBC, and directed management of the Corporate Debtor during the CIRP period. Compliance and transparency measures were outlined for the resolution process. en-us Fri, 18 Oct 2019 00:00:00 +0530 Thu, 30 Apr 2020 13:52:11 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=394956 The National Company Law Tribunal, Mumbai Bench, admitted the Company Petition filed by an Operational Creditor under section 9 of the Insolvency & Bankruptcy Code, 2016, against a Corporate Debtor for payment default. The Tribunal established jurisdiction based on the Corporate Debtor's registration details and found the Operational Creditor's application complete. Consequently, the Tribunal initiated the Corporate Insolvency Resolution Process, appointed an Interim Resolution Professional, imposed a moratorium under section 14 of the IBC, and directed management of the Corporate Debtor during the CIRP period. Compliance and transparency measures were outlined for the resolution process. Case-Laws Insolvency and Bankruptcy Fri, 18 Oct 2019 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=394956