https://www.taxtmi.com/caselaws?id=399985 The Tribunal admitted the application filed by the Financial Creditor, finding it met the criteria of "Financial Creditor," "Default," and "Financial Debt" under the Insolvency and Bankruptcy Code, 2016. Consequently, the Corporate Insolvency Resolution Process (CIRP) was initiated against the Corporate Debtor, with a moratorium imposed under Section 14. The Tribunal appointed an Interim Resolution Professional (IRP) to oversee the process, requiring progress reports within 30 days. The CIRP commenced from the date of the order, addressing all objections raised by the Corporate Debtor as lacking merit. en-us Thu, 27 Feb 2020 00:00:00 +0530 Tue, 05 Nov 2024 12:02:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=399985 The Tribunal admitted the application filed by the Financial Creditor, finding it met the criteria of "Financial Creditor," "Default," and "Financial Debt" under the Insolvency and Bankruptcy Code, 2016. Consequently, the Corporate Insolvency Resolution Process (CIRP) was initiated against the Corporate Debtor, with a moratorium imposed under Section 14. The Tribunal appointed an Interim Resolution Professional (IRP) to oversee the process, requiring progress reports within 30 days. The CIRP commenced from the date of the order, addressing all objections raised by the Corporate Debtor as lacking merit. Case-Laws IBC Thu, 27 Feb 2020 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=399985