https://www.taxtmi.com/caselaws?id=399564 The tribunal admitted the application under Section 7 of the Insolvency and Bankruptcy Code, 2016, initiating the Corporate Insolvency Resolution Process against the Corporate Debtor. The objections raised by the Corporate Debtor were deemed hypothetical, with the tribunal finding a financial debt and default present. A moratorium was declared under Section 14(1) of the IBC, 2016, suspending suits, asset transfers, and security enforcement. An Interim Resolution Professional was appointed to oversee the CIRP process, following statutory requirements. en-us Tue, 05 May 2020 00:00:00 +0530 Wed, 14 Oct 2020 11:41:44 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=399564 The tribunal admitted the application under Section 7 of the Insolvency and Bankruptcy Code, 2016, initiating the Corporate Insolvency Resolution Process against the Corporate Debtor. The objections raised by the Corporate Debtor were deemed hypothetical, with the tribunal finding a financial debt and default present. A moratorium was declared under Section 14(1) of the IBC, 2016, suspending suits, asset transfers, and security enforcement. An Interim Resolution Professional was appointed to oversee the CIRP process, following statutory requirements. Case-Laws Insolvency and Bankruptcy Tue, 05 May 2020 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=399564