https://www.taxtmi.com/caselaws?id=395097 The Tribunal admitted the application for the initiation of Corporate Insolvency Resolution Process (CIRP) under Section 9 of the Insolvency and Bankruptcy Code, 2016. The Operational Creditor's claim for outstanding dues against the Corporate Debtor was upheld, leading to the appointment of an Interim Resolution Professional (IRP) and the imposition of a moratorium under Section 14(1) of the Code. The Tribunal found the default in payment of operational debt to be established and took necessary steps to proceed with the CIRP process. en-us Tue, 25 Feb 2020 00:00:00 +0530 Sat, 20 Nov 2021 11:40:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=395097 The Tribunal admitted the application for the initiation of Corporate Insolvency Resolution Process (CIRP) under Section 9 of the Insolvency and Bankruptcy Code, 2016. The Operational Creditor's claim for outstanding dues against the Corporate Debtor was upheld, leading to the appointment of an Interim Resolution Professional (IRP) and the imposition of a moratorium under Section 14(1) of the Code. The Tribunal found the default in payment of operational debt to be established and took necessary steps to proceed with the CIRP process. Case-Laws Insolvency and Bankruptcy Tue, 25 Feb 2020 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=395097