https://www.taxtmi.com/caselaws?id=399349 The Company Petition was transferred from High Court to NCLT under the I&B Code. The application under Section 7 of the Insolvency and Bankruptcy Code was admitted due to the Corporate Debtor's failure to repay outstanding dues, establishing a default in payment. An Interim Resolution Professional was appointed to oversee the Corporate Insolvency Resolution Process, implementing a moratorium and public announcement. The Professional was tasked with fulfilling duties under the Code, providing progress updates, and complying with Tribunal directions within the specified timeline. en-us Wed, 18 Mar 2020 00:00:00 +0530 Fri, 09 Oct 2020 12:57:57 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=399349 The Company Petition was transferred from High Court to NCLT under the I&B Code. The application under Section 7 of the Insolvency and Bankruptcy Code was admitted due to the Corporate Debtor's failure to repay outstanding dues, establishing a default in payment. An Interim Resolution Professional was appointed to oversee the Corporate Insolvency Resolution Process, implementing a moratorium and public announcement. The Professional was tasked with fulfilling duties under the Code, providing progress updates, and complying with Tribunal directions within the specified timeline. Case-Laws Insolvency and Bankruptcy Wed, 18 Mar 2020 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=399349