https://www.taxtmi.com/caselaws?id=288774 The court admitted the application for initiation of Corporate Insolvency Resolution Process (CIRP) filed by the Financial Creditor against the Corporate Debtor. The court declared a moratorium under Section 14 of the Insolvency & Bankruptcy Code, 2016, prohibiting legal actions against the Corporate Debtor and asset transfers. An Interim Resolution Professional (IRP) was appointed to manage the process, including calling for creditor claims and convening a Committee of Creditors meeting. The court scheduled a progress report for September 27, 2019, and directed issuance of certified copies of the order to relevant parties. en-us Wed, 28 Aug 2019 00:00:00 +0530 Sat, 27 Jun 2020 21:57:33 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=288774 The court admitted the application for initiation of Corporate Insolvency Resolution Process (CIRP) filed by the Financial Creditor against the Corporate Debtor. The court declared a moratorium under Section 14 of the Insolvency & Bankruptcy Code, 2016, prohibiting legal actions against the Corporate Debtor and asset transfers. An Interim Resolution Professional (IRP) was appointed to manage the process, including calling for creditor claims and convening a Committee of Creditors meeting. The court scheduled a progress report for September 27, 2019, and directed issuance of certified copies of the order to relevant parties. Case-Laws Insolvency and Bankruptcy Wed, 28 Aug 2019 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=288774