https://www.taxtmi.com/caselaws?id=399989 The application for initiating Corporate Insolvency Resolution Process (CIRP) against the Corporate Debtor was admitted by the Tribunal. A moratorium was declared, prohibiting various actions against the Corporate Debtor. The Tribunal appointed an Interim Resolution Professional (IRP) to oversee the proceedings. The application was found valid, and the debt was categorized as a "Financial Debt." Guarantors were impleaded, with their assets deemed outside the moratorium's scope. The Corporate Debtor's contentions were dismissed, and the Financial Creditor's evidence of default was upheld. en-us Thu, 15 Oct 2020 00:00:00 +0530 Sat, 24 Oct 2020 18:18:45 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=399989 The application for initiating Corporate Insolvency Resolution Process (CIRP) against the Corporate Debtor was admitted by the Tribunal. A moratorium was declared, prohibiting various actions against the Corporate Debtor. The Tribunal appointed an Interim Resolution Professional (IRP) to oversee the proceedings. The application was found valid, and the debt was categorized as a "Financial Debt." Guarantors were impleaded, with their assets deemed outside the moratorium's scope. The Corporate Debtor's contentions were dismissed, and the Financial Creditor's evidence of default was upheld. Case-Laws Insolvency and Bankruptcy Thu, 15 Oct 2020 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=399989