https://www.taxtmi.com/caselaws?id=398582 The court admitted the Company Petition under section 9 of the Insolvency & Bankruptcy Code, 2016 against a Private Limited Company, finding the Corporate Debtor in default. Consequently, the court initiated Corporate Insolvency Resolution Process (CIRP), declared a moratorium under section 14 of the IBC, and appointed an Interim Resolution Professional (IRP) to manage the Corporate Debtor's affairs. The Operational Creditor was directed to deposit funds with the IRP for expenses, and communication regarding the order was to be disseminated to relevant parties and updated with the Registrar of Companies. en-us Wed, 29 Jan 2020 00:00:00 +0530 Sat, 19 Sep 2020 17:06:53 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=398582 The court admitted the Company Petition under section 9 of the Insolvency & Bankruptcy Code, 2016 against a Private Limited Company, finding the Corporate Debtor in default. Consequently, the court initiated Corporate Insolvency Resolution Process (CIRP), declared a moratorium under section 14 of the IBC, and appointed an Interim Resolution Professional (IRP) to manage the Corporate Debtor's affairs. The Operational Creditor was directed to deposit funds with the IRP for expenses, and communication regarding the order was to be disseminated to relevant parties and updated with the Registrar of Companies. Case-Laws Insolvency and Bankruptcy Wed, 29 Jan 2020 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=398582