https://www.taxtmi.com/caselaws?id=289867 The Tribunal admitted the application under Section 7 of the Insolvency and Bankruptcy Code, finding established defaults and completion of formalities by the Applicant. An Insolvency Professional was appointed to conduct the Insolvency Resolution Process, imposing a Moratorium under Section 14 of the Code. Operational aspects post-admission included prohibiting legal actions against the Debtor, ensuring the supply of essential goods and services, and directing the Interim Resolution Professional to provide progress updates. The Corporate Insolvency Resolution Process commenced, with the IRP tasked to carry out the Public Announcement and inform progress as per the Code's provisions. en-us Mon, 01 Jan 2018 00:00:00 +0530 Thu, 27 Aug 2020 08:26:42 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=289867 The Tribunal admitted the application under Section 7 of the Insolvency and Bankruptcy Code, finding established defaults and completion of formalities by the Applicant. An Insolvency Professional was appointed to conduct the Insolvency Resolution Process, imposing a Moratorium under Section 14 of the Code. Operational aspects post-admission included prohibiting legal actions against the Debtor, ensuring the supply of essential goods and services, and directing the Interim Resolution Professional to provide progress updates. The Corporate Insolvency Resolution Process commenced, with the IRP tasked to carry out the Public Announcement and inform progress as per the Code's provisions. Case-Laws Insolvency and Bankruptcy Mon, 01 Jan 2018 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=289867