https://www.taxtmi.com/caselaws?id=288195 The Tribunal admitted the petition under Section 7 of the Insolvency & Bankruptcy Code, 2016, due to the Corporate Debtor's failure to repay financial debt despite acknowledging liability. A moratorium was imposed under Section 14 of the Code, appointing an Interim Resolution Professional (IRP) to manage the resolution process. Mr. Ajay Gupta was appointed as the IRP, and the case was scheduled for further proceedings to address the Corporate Debtor's financial default and initiate the resolution process. en-us Tue, 12 Mar 2019 00:00:00 +0530 Mon, 25 May 2020 17:14:59 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=288195 The Tribunal admitted the petition under Section 7 of the Insolvency & Bankruptcy Code, 2016, due to the Corporate Debtor's failure to repay financial debt despite acknowledging liability. A moratorium was imposed under Section 14 of the Code, appointing an Interim Resolution Professional (IRP) to manage the resolution process. Mr. Ajay Gupta was appointed as the IRP, and the case was scheduled for further proceedings to address the Corporate Debtor's financial default and initiate the resolution process. Case-Laws Insolvency and Bankruptcy Tue, 12 Mar 2019 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=288195