https://www.taxtmi.com/caselaws?id=288232 The Tribunal admitted the Financial Creditor's application under Section 7 of the Insolvency and Bankruptcy Code against the Corporate Debtor due to default in repayment. The Corporate Debtor's admission of liability and lack of effective contestation led to the declaration of a moratorium. An Interim Resolution Professional was appointed to oversee the resolution process, ensuring compliance with IBBI regulations. The moratorium would remain until the completion of the resolution process, safeguarding the interests of the parties involved in the insolvency proceedings. en-us Wed, 20 Mar 2019 00:00:00 +0530 Wed, 27 May 2020 10:44:12 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=288232 The Tribunal admitted the Financial Creditor's application under Section 7 of the Insolvency and Bankruptcy Code against the Corporate Debtor due to default in repayment. The Corporate Debtor's admission of liability and lack of effective contestation led to the declaration of a moratorium. An Interim Resolution Professional was appointed to oversee the resolution process, ensuring compliance with IBBI regulations. The moratorium would remain until the completion of the resolution process, safeguarding the interests of the parties involved in the insolvency proceedings. Case-Laws Insolvency and Bankruptcy Wed, 20 Mar 2019 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=288232