https://www.taxtmi.com/caselaws?id=291741 The petition for initiating the Corporate Insolvency Resolution Process (CIRP) under Section 7 of the Insolvency and Bankruptcy Code, 2016 was admitted. The Financial Creditor's claim of default amounting to INR 11,08,84,000/- was accepted, leading to the appointment of Mr. Sanyam Goel as the Interim Resolution Professional (IRP). The Tribunal declared a moratorium under Section 14 of the Code, directing the ex-management and auditors to cooperate with the IRP. Additionally, the Financial Creditor was instructed to deposit INR 2 lacs for the IRP's expenses. en-us Thu, 29 Aug 2019 00:00:00 +0530 Tue, 24 Nov 2020 09:38:24 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=291741 The petition for initiating the Corporate Insolvency Resolution Process (CIRP) under Section 7 of the Insolvency and Bankruptcy Code, 2016 was admitted. The Financial Creditor's claim of default amounting to INR 11,08,84,000/- was accepted, leading to the appointment of Mr. Sanyam Goel as the Interim Resolution Professional (IRP). The Tribunal declared a moratorium under Section 14 of the Code, directing the ex-management and auditors to cooperate with the IRP. Additionally, the Financial Creditor was instructed to deposit INR 2 lacs for the IRP's expenses. Case-Laws Insolvency and Bankruptcy Thu, 29 Aug 2019 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=291741