https://www.taxtmi.com/caselaws?id=399191 The application under Section 7 of the Insolvency and Bankruptcy Code, 2016, filed by the Financial Creditor was admitted by the Tribunal. A moratorium was declared in accordance with Sections 13 and 15 of the IBC, 2016, prohibiting suits, asset transfers, and other actions against the Corporate Debtor. An Interim Resolution Professional (IRP) was appointed, and the Corporate Insolvency Resolution Process (CIRP) was initiated. The IRP was directed to make a public announcement, and essential services to the Corporate Debtor were to continue during the moratorium. The matter was listed for a progress report, and specific directions were given for the conduct of the CIRP. en-us Mon, 16 Mar 2020 00:00:00 +0530 Tue, 06 Oct 2020 11:44:14 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=399191 The application under Section 7 of the Insolvency and Bankruptcy Code, 2016, filed by the Financial Creditor was admitted by the Tribunal. A moratorium was declared in accordance with Sections 13 and 15 of the IBC, 2016, prohibiting suits, asset transfers, and other actions against the Corporate Debtor. An Interim Resolution Professional (IRP) was appointed, and the Corporate Insolvency Resolution Process (CIRP) was initiated. The IRP was directed to make a public announcement, and essential services to the Corporate Debtor were to continue during the moratorium. The matter was listed for a progress report, and specific directions were given for the conduct of the CIRP. Case-Laws Insolvency and Bankruptcy Mon, 16 Mar 2020 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=399191