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    <title>2019 (12) TMI 1297 - NATIONAL COMPANY LAW TRIBUNAL, KOLKATA</title>
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    <description>The Tribunal admitted the application under Section 7 of the IBC, 2016, initiating CIRP against the Corporate Debtor. A moratorium and public announcement were declared, the IRP was appointed, and the Financial Creditor was directed to pay an advance fee for CIRP. The IRP was to conduct the process in a time-bound manner. The Tribunal found the petition complete and defect-free, approving the IRP&#039;s appointment and ordering a progress report filing by 15.01.2020.</description>
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      <description>The Tribunal admitted the application under Section 7 of the IBC, 2016, initiating CIRP against the Corporate Debtor. A moratorium and public announcement were declared, the IRP was appointed, and the Financial Creditor was directed to pay an advance fee for CIRP. The IRP was to conduct the process in a time-bound manner. The Tribunal found the petition complete and defect-free, approving the IRP&#039;s appointment and ordering a progress report filing by 15.01.2020.</description>
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