https://www.taxtmi.com/caselaws?id=291863 The Tribunal admitted the Financial Creditor's application under Section 7 of the Insolvency and Bankruptcy Code against the Corporate Debtor for defaulting on a debt of Rs. 87,71,565. The Corporate Debtor's failure to repay the debt led to the appointment of an Interim Resolution Professional (IRP) and initiation of the insolvency resolution process. A moratorium was imposed under Section 14 of the Code, and the IRP was tasked with managing the resolution process. The Tribunal ensured compliance with the Code's provisions by appointing the IRP and initiating the Corporate Insolvency Resolution Process promptly. en-us Fri, 20 Dec 2019 00:00:00 +0530 Fri, 27 Nov 2020 09:15:57 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=291863 The Tribunal admitted the Financial Creditor's application under Section 7 of the Insolvency and Bankruptcy Code against the Corporate Debtor for defaulting on a debt of Rs. 87,71,565. The Corporate Debtor's failure to repay the debt led to the appointment of an Interim Resolution Professional (IRP) and initiation of the insolvency resolution process. A moratorium was imposed under Section 14 of the Code, and the IRP was tasked with managing the resolution process. The Tribunal ensured compliance with the Code's provisions by appointing the IRP and initiating the Corporate Insolvency Resolution Process promptly. Case-Laws Insolvency and Bankruptcy Fri, 20 Dec 2019 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=291863