https://www.taxtmi.com/caselaws?id=291662 The Tribunal admitted the application under Section 7 of the Insolvency and Bankruptcy Code, 2016, for the initiation of Corporate Insolvency Resolution Process. The respondent company acknowledged default in loan repayment, leading to the appointment of an Interim Resolution Professional. A moratorium was declared under Section 14 of the Code, restricting legal actions against the corporate debtor. The Tribunal directed communication of the order to relevant parties and authorities, ensuring public notification of the petition's admission. en-us Wed, 31 Jul 2019 00:00:00 +0530 Fri, 20 Nov 2020 19:21:32 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=291662 The Tribunal admitted the application under Section 7 of the Insolvency and Bankruptcy Code, 2016, for the initiation of Corporate Insolvency Resolution Process. The respondent company acknowledged default in loan repayment, leading to the appointment of an Interim Resolution Professional. A moratorium was declared under Section 14 of the Code, restricting legal actions against the corporate debtor. The Tribunal directed communication of the order to relevant parties and authorities, ensuring public notification of the petition's admission. Case-Laws Insolvency and Bankruptcy Wed, 31 Jul 2019 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=291662