https://www.taxtmi.com/caselaws?id=291646 The Tribunal admitted the application under Section 9 of the Insolvency and Bankruptcy Code, 2016, for the initiation of Corporate Insolvency Resolution Process against the Respondent, finding the Operational Creditor entitled to claim its dues. An Interim Resolution Professional was appointed, funds were directed to be deposited for expenses, and a moratorium was imposed on the Respondent as per IBC provisions. The Registry was instructed to notify relevant parties and update the Corporate Debtor's status on the Registrar of Companies' website. en-us Mon, 16 Dec 2019 00:00:00 +0530 Fri, 20 Nov 2020 12:08:38 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=291646 The Tribunal admitted the application under Section 9 of the Insolvency and Bankruptcy Code, 2016, for the initiation of Corporate Insolvency Resolution Process against the Respondent, finding the Operational Creditor entitled to claim its dues. An Interim Resolution Professional was appointed, funds were directed to be deposited for expenses, and a moratorium was imposed on the Respondent as per IBC provisions. The Registry was instructed to notify relevant parties and update the Corporate Debtor's status on the Registrar of Companies' website. Case-Laws Insolvency and Bankruptcy Mon, 16 Dec 2019 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=291646