https://www.taxtmi.com/caselaws?id=400488 The Tribunal admitted the application under Section 9 of the Insolvency & Bankruptcy Code, 2016 by the Operational Creditor against the Corporate Debtor, leading to the Corporate Debtor's admission into Corporate Insolvency Resolution Process. A moratorium was declared under Section 14 of the Code, and an Interim Resolution Professional (IRP) was appointed. The IRP was directed to fulfill specified duties, including protecting the Corporate Debtor's assets and ensuring the continuity of operations. Additionally, directives were issued for public announcement of claims submission, maintaining supplies, and providing an advance payment to the IRP for the resolution process. The matter was listed for further consideration. en-us Thu, 20 Aug 2020 00:00:00 +0530 Mon, 09 Nov 2020 13:44:55 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=400488 The Tribunal admitted the application under Section 9 of the Insolvency & Bankruptcy Code, 2016 by the Operational Creditor against the Corporate Debtor, leading to the Corporate Debtor's admission into Corporate Insolvency Resolution Process. A moratorium was declared under Section 14 of the Code, and an Interim Resolution Professional (IRP) was appointed. The IRP was directed to fulfill specified duties, including protecting the Corporate Debtor's assets and ensuring the continuity of operations. Additionally, directives were issued for public announcement of claims submission, maintaining supplies, and providing an advance payment to the IRP for the resolution process. The matter was listed for further consideration. Case-Laws Insolvency and Bankruptcy Thu, 20 Aug 2020 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=400488