https://www.taxtmi.com/caselaws?id=288428 The Tribunal found sufficient documentary evidence to establish default by the Corporate Debtor and admitted the insolvency application under Section 7 of the Insolvency & Bankruptcy Code, 2016. An Interim Resolution Professional (IRP) was appointed to manage the Corporate Debtor's affairs, and a moratorium was declared to prevent legal actions against the Corporate Debtor. The IRP was tasked with initiating the Corporate Insolvency Resolution Process, with directions for cooperation from the Directors and associated persons. Essential supplies to the Corporate Debtor were protected during the moratorium, and compliance with the orders was mandated for all relevant parties. en-us Tue, 23 Jul 2019 00:00:00 +0530 Sat, 06 Jun 2020 10:46:46 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=288428 The Tribunal found sufficient documentary evidence to establish default by the Corporate Debtor and admitted the insolvency application under Section 7 of the Insolvency & Bankruptcy Code, 2016. An Interim Resolution Professional (IRP) was appointed to manage the Corporate Debtor's affairs, and a moratorium was declared to prevent legal actions against the Corporate Debtor. The IRP was tasked with initiating the Corporate Insolvency Resolution Process, with directions for cooperation from the Directors and associated persons. Essential supplies to the Corporate Debtor were protected during the moratorium, and compliance with the orders was mandated for all relevant parties. Case-Laws Insolvency and Bankruptcy Tue, 23 Jul 2019 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=288428