https://www.taxtmi.com/caselaws?id=290414 The Tribunal admitted the Financial Creditor's petition under Section 7 of the Insolvency and Bankruptcy Code, 2016, against the Corporate Debtor for defaulting on repayment. The petition was found to be complete and in order, leading to the declaration of a moratorium and appointment of an Interim Resolution Professional. The moratorium included halting legal proceedings, preserving assets, and ensuring essential services. The order stated that the moratorium would remain in effect until the completion of the Corporate Insolvency Resolution Process, approval of a Resolution Plan, or liquidation of the Corporate Debtor, whichever occurred earlier. en-us Fri, 18 Oct 2019 00:00:00 +0530 Fri, 25 Sep 2020 02:16:25 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=290414 The Tribunal admitted the Financial Creditor's petition under Section 7 of the Insolvency and Bankruptcy Code, 2016, against the Corporate Debtor for defaulting on repayment. The petition was found to be complete and in order, leading to the declaration of a moratorium and appointment of an Interim Resolution Professional. The moratorium included halting legal proceedings, preserving assets, and ensuring essential services. The order stated that the moratorium would remain in effect until the completion of the Corporate Insolvency Resolution Process, approval of a Resolution Plan, or liquidation of the Corporate Debtor, whichever occurred earlier. Case-Laws Insolvency and Bankruptcy Fri, 18 Oct 2019 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=290414