https://www.taxtmi.com/caselaws?id=291576 The Adjudicating Authority admitted the Company Petition under section 7 of the Insolvency and Bankruptcy Code, 2016, finding the Corporate Debtor unable to pay its debts. Following the Supreme Court's precedent, the Authority ordered the commencement of Corporate Insolvency Resolution Process, appointing an Insolvency Resolution Professional to manage the affairs. A moratorium was declared, directing compliance with the Code's provisions and cooperation with the IRP. The judgment outlined legal proceedings, evidence, and directives for all parties involved in the resolution process. en-us Fri, 27 Sep 2019 00:00:00 +0530 Wed, 18 Nov 2020 09:30:53 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=291576 The Adjudicating Authority admitted the Company Petition under section 7 of the Insolvency and Bankruptcy Code, 2016, finding the Corporate Debtor unable to pay its debts. Following the Supreme Court's precedent, the Authority ordered the commencement of Corporate Insolvency Resolution Process, appointing an Insolvency Resolution Professional to manage the affairs. A moratorium was declared, directing compliance with the Code's provisions and cooperation with the IRP. The judgment outlined legal proceedings, evidence, and directives for all parties involved in the resolution process. Case-Laws Insolvency and Bankruptcy Fri, 27 Sep 2019 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=291576