https://www.taxtmi.com/caselaws?id=395237 The National Company Law Tribunal (NCLT), Chandigarh Bench, declared a moratorium and appointed an Interim Resolution Professional (IRP) in a case involving a steel merchant as the operational creditor and a corporate debtor. The respondent's admission of liability and default, along with the dishonored cheque, led to the admission of the petition under Section 9 of the Insolvency and Bankruptcy Code, 2016. The Tribunal directed the IRP to manage the debtor's affairs, maintain essential services, and oversee the resolution process, with the moratorium in effect until completion or further orders. en-us Mon, 07 Oct 2019 00:00:00 +0530 Tue, 12 May 2020 17:14:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=395237 The National Company Law Tribunal (NCLT), Chandigarh Bench, declared a moratorium and appointed an Interim Resolution Professional (IRP) in a case involving a steel merchant as the operational creditor and a corporate debtor. The respondent's admission of liability and default, along with the dishonored cheque, led to the admission of the petition under Section 9 of the Insolvency and Bankruptcy Code, 2016. The Tribunal directed the IRP to manage the debtor's affairs, maintain essential services, and oversee the resolution process, with the moratorium in effect until completion or further orders. Case-Laws Insolvency and Bankruptcy Mon, 07 Oct 2019 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=395237