https://www.taxtmi.com/caselaws?id=288045 The Tribunal admitted the petition for initiating Corporate Insolvency Resolution Process (CIRP) against the corporate debtor, declared a moratorium, and appointed an interim resolution professional. The conditions under Section 9(5)(i) of the Insolvency and Bankruptcy Code were met, including unpaid operational debt, delivery of demand notice, absence of dispute, and suitability of the proposed professional. The moratorium encompassed various actions, and the professional was tasked with complying with the Code, public announcement, and forming a creditors' committee. en-us Tue, 03 Sep 2019 00:00:00 +0530 Fri, 15 May 2020 09:43:12 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=288045 The Tribunal admitted the petition for initiating Corporate Insolvency Resolution Process (CIRP) against the corporate debtor, declared a moratorium, and appointed an interim resolution professional. The conditions under Section 9(5)(i) of the Insolvency and Bankruptcy Code were met, including unpaid operational debt, delivery of demand notice, absence of dispute, and suitability of the proposed professional. The moratorium encompassed various actions, and the professional was tasked with complying with the Code, public announcement, and forming a creditors' committee. Case-Laws Insolvency and Bankruptcy Tue, 03 Sep 2019 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=288045