https://www.taxtmi.com/caselaws?id=291785 The Tribunal found the petition under Section 7 of the Insolvency and Bankruptcy Code maintainable during the pendency of a winding-up petition. The petitioner was classified as a 'Financial Creditor' entitled to initiate Corporate Insolvency Resolution Process against the respondent. The petition met procedural requirements under Section 7 of the IBC, resulting in the appointment of an Interim Resolution Professional and declaration of a moratorium. Mr. Arun Jain was appointed as the IRP, and the Financial Creditor was directed to deposit funds for expenses. The Tribunal ordered the Registrar of Companies to update the 'Corporate Debtor' status on its website. en-us Thu, 13 Jun 2019 00:00:00 +0530 Tue, 24 Nov 2020 20:14:31 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=291785 The Tribunal found the petition under Section 7 of the Insolvency and Bankruptcy Code maintainable during the pendency of a winding-up petition. The petitioner was classified as a 'Financial Creditor' entitled to initiate Corporate Insolvency Resolution Process against the respondent. The petition met procedural requirements under Section 7 of the IBC, resulting in the appointment of an Interim Resolution Professional and declaration of a moratorium. Mr. Arun Jain was appointed as the IRP, and the Financial Creditor was directed to deposit funds for expenses. The Tribunal ordered the Registrar of Companies to update the 'Corporate Debtor' status on its website. Case-Laws Insolvency and Bankruptcy Thu, 13 Jun 2019 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=291785