https://www.taxtmi.com/caselaws?id=290632 The petition under section 9 of the Insolvency & Bankruptcy Code, 2016 was filed by an Operational Creditor against a Corporate Debtor for outstanding debt. The Corporate Debtor failed to pay despite a demand notice under section 8 of the I&B Code, leading to the admission of the petition due to non-dispute. An Insolvency Resolution Professional was appointed, and the Corporate Insolvency Resolution Process was initiated, including the declaration of a moratorium under Sections 13 and 14 of the IBC, 2016. The process involved the appointment of an Interim Resolution Professional, convening of the Committee of Creditors, and setting a timeline for finalizing the Resolution Plan with progress reporting. en-us Fri, 03 Aug 2018 00:00:00 +0530 Wed, 07 Oct 2020 19:06:07 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=290632 The petition under section 9 of the Insolvency & Bankruptcy Code, 2016 was filed by an Operational Creditor against a Corporate Debtor for outstanding debt. The Corporate Debtor failed to pay despite a demand notice under section 8 of the I&B Code, leading to the admission of the petition due to non-dispute. An Insolvency Resolution Professional was appointed, and the Corporate Insolvency Resolution Process was initiated, including the declaration of a moratorium under Sections 13 and 14 of the IBC, 2016. The process involved the appointment of an Interim Resolution Professional, convening of the Committee of Creditors, and setting a timeline for finalizing the Resolution Plan with progress reporting. Case-Laws Insolvency and Bankruptcy Fri, 03 Aug 2018 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=290632