https://www.taxtmi.com/caselaws?id=290811 The adjudicating authority admitted the insolvency petition under Section 9 of The Insolvency and Bankruptcy Code, 2016, finding the operational debt due and payable. The respondent's dishonoured cheque was deemed an admission of debt, leading to the initiation of the insolvency resolution process. A moratorium was declared under Section 13 of the Code, appointing an Interim Resolution Professional to manage the resolution process. The order prohibited actions against the corporate debtor and directed the IRP to initiate the corporate insolvency resolution process, ensuring regulatory compliance and protection of stakeholders' interests. en-us Wed, 08 Jan 2020 00:00:00 +0530 Sat, 17 Oct 2020 12:02:19 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=290811 The adjudicating authority admitted the insolvency petition under Section 9 of The Insolvency and Bankruptcy Code, 2016, finding the operational debt due and payable. The respondent's dishonoured cheque was deemed an admission of debt, leading to the initiation of the insolvency resolution process. A moratorium was declared under Section 13 of the Code, appointing an Interim Resolution Professional to manage the resolution process. The order prohibited actions against the corporate debtor and directed the IRP to initiate the corporate insolvency resolution process, ensuring regulatory compliance and protection of stakeholders' interests. Case-Laws Insolvency and Bankruptcy Wed, 08 Jan 2020 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=290811