https://www.taxtmi.com/caselaws?id=400491 The Tribunal admitted the Corporate Debtor into Corporate Insolvency Resolution Process after finding the Operational Creditor's application compliant. A moratorium was declared under Section 14 of the Insolvency and Bankruptcy Code, prohibiting actions against the Corporate Debtor. An Interim Resolution Professional was appointed to manage the resolution process, with instructions to protect the Corporate Debtor's assets and oversee operations. The Operational Creditor was directed to make an advance payment for the resolution process. The application for Corporate Insolvency Resolution Process was admitted, and necessary steps were taken to initiate the process. en-us Wed, 26 Aug 2020 00:00:00 +0530 Mon, 09 Nov 2020 13:45:01 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=400491 The Tribunal admitted the Corporate Debtor into Corporate Insolvency Resolution Process after finding the Operational Creditor's application compliant. A moratorium was declared under Section 14 of the Insolvency and Bankruptcy Code, prohibiting actions against the Corporate Debtor. An Interim Resolution Professional was appointed to manage the resolution process, with instructions to protect the Corporate Debtor's assets and oversee operations. The Operational Creditor was directed to make an advance payment for the resolution process. The application for Corporate Insolvency Resolution Process was admitted, and necessary steps were taken to initiate the process. Case-Laws Insolvency and Bankruptcy Wed, 26 Aug 2020 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=400491