https://www.taxtmi.com/caselaws?id=394970 The National Company Law Tribunal, Mumbai Bench, established jurisdiction to hear a Company Petition under section 9 of the Insolvency & Bankruptcy Code, 2016. The Corporate Debtor's default in payment led to the admission of liability, initiating Corporate Insolvency Resolution Process (CIRP) with a moratorium under section 14 of the IBC. An Interim Resolution Professional (IRP) was appointed, and the Operational Creditor was directed to deposit funds for expenses. Communication of the Order and compliance reporting to the Registrar of Companies were mandated for transparency and regulatory adherence. en-us Fri, 18 Oct 2019 00:00:00 +0530 Fri, 01 May 2020 11:10:08 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=394970 The National Company Law Tribunal, Mumbai Bench, established jurisdiction to hear a Company Petition under section 9 of the Insolvency & Bankruptcy Code, 2016. The Corporate Debtor's default in payment led to the admission of liability, initiating Corporate Insolvency Resolution Process (CIRP) with a moratorium under section 14 of the IBC. An Interim Resolution Professional (IRP) was appointed, and the Operational Creditor was directed to deposit funds for expenses. Communication of the Order and compliance reporting to the Registrar of Companies were mandated for transparency and regulatory adherence. Case-Laws Insolvency and Bankruptcy Fri, 18 Oct 2019 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=394970