https://www.taxtmi.com/caselaws?id=395855 The Adjudicating Authority admitted the petition for initiating the Corporate Insolvency Resolution Process under section 9 of the Insolvency & Bankruptcy Code against the respondent company due to unpaid operational debt of INR 12,21,200.00 for supplied cotton. The respondent admitted the default, leading to the appointment of an Insolvency Professional to oversee the resolution process. A moratorium was declared, and the Interim Resolution Professional was directed to manage the corporate debtor's affairs in compliance with the Code. The initiation of the Corporate Insolvency Resolution Process was communicated to all relevant parties on 18-2-2020. en-us Tue, 18 Feb 2020 00:00:00 +0530 Thu, 11 Jun 2020 10:02:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=395855 The Adjudicating Authority admitted the petition for initiating the Corporate Insolvency Resolution Process under section 9 of the Insolvency & Bankruptcy Code against the respondent company due to unpaid operational debt of INR 12,21,200.00 for supplied cotton. The respondent admitted the default, leading to the appointment of an Insolvency Professional to oversee the resolution process. A moratorium was declared, and the Interim Resolution Professional was directed to manage the corporate debtor's affairs in compliance with the Code. The initiation of the Corporate Insolvency Resolution Process was communicated to all relevant parties on 18-2-2020. Case-Laws Insolvency and Bankruptcy Tue, 18 Feb 2020 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=395855