https://www.taxtmi.com/caselaws?id=288003 The Tribunal admitted the Operational Creditor's petition under Section 9 of the Insolvency and Bankruptcy Code, 2016 against the Corporate Debtor for defaulting on a repayment amount of Rs. 32,02,543. The Adjudicating Authority declared a moratorium under Section 14 of the Code, appointing an Interim Resolution Professional to oversee the Corporate Insolvency Resolution Process. The moratorium prohibits legal actions against the Corporate Debtor, asset disposal, and ensures continuity of essential goods or services until the resolution process or liquidation approval is completed. en-us Mon, 18 Feb 2019 00:00:00 +0530 Thu, 14 May 2020 02:08:15 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=288003 The Tribunal admitted the Operational Creditor's petition under Section 9 of the Insolvency and Bankruptcy Code, 2016 against the Corporate Debtor for defaulting on a repayment amount of Rs. 32,02,543. The Adjudicating Authority declared a moratorium under Section 14 of the Code, appointing an Interim Resolution Professional to oversee the Corporate Insolvency Resolution Process. The moratorium prohibits legal actions against the Corporate Debtor, asset disposal, and ensures continuity of essential goods or services until the resolution process or liquidation approval is completed. Case-Laws Insolvency and Bankruptcy Mon, 18 Feb 2019 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=288003