https://www.taxtmi.com/caselaws?id=288776 The tribunal admitted the application, initiating the Corporate Insolvency Resolution Process (CIRP) against the respondent due to default in payment of operational debt. Ms. Rashmi Agarwalla was appointed as the Interim Resolution Professional (IRP), and a moratorium was implemented under Section 14 of the Insolvency and Bankruptcy Code, 2016. The operational creditor was directed to deposit funds with the IRP for expenses. The tribunal found the respondent in default and ordered communication of the decision to relevant parties and updating of the corporate debtor's status on the Registrar of Companies' website. en-us Thu, 19 Dec 2019 00:00:00 +0530 Sat, 27 Jun 2020 21:57:33 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=288776 The tribunal admitted the application, initiating the Corporate Insolvency Resolution Process (CIRP) against the respondent due to default in payment of operational debt. Ms. Rashmi Agarwalla was appointed as the Interim Resolution Professional (IRP), and a moratorium was implemented under Section 14 of the Insolvency and Bankruptcy Code, 2016. The operational creditor was directed to deposit funds with the IRP for expenses. The tribunal found the respondent in default and ordered communication of the decision to relevant parties and updating of the corporate debtor's status on the Registrar of Companies' website. Case-Laws Insolvency and Bankruptcy Thu, 19 Dec 2019 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=288776