https://www.taxtmi.com/caselaws?id=291964 The Tribunal granted the petition filed by a financial creditor under Section 7 of the Insolvency and Bankruptcy Code, 2016, initiating Corporate Insolvency Resolution Process against the corporate debtor due to defaults in repayment. The Tribunal appointed an Interim Resolution Professional, declared a moratorium, directed a public announcement, and instructed the Financial Creditor to deposit funds. Compliance with IBC provisions was confirmed, emphasizing the need for transparent resolution processes to protect the interests of both the corporate debtor and creditors. en-us Tue, 11 Jun 2019 00:00:00 +0530 Wed, 02 Dec 2020 18:33:31 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=291964 The Tribunal granted the petition filed by a financial creditor under Section 7 of the Insolvency and Bankruptcy Code, 2016, initiating Corporate Insolvency Resolution Process against the corporate debtor due to defaults in repayment. The Tribunal appointed an Interim Resolution Professional, declared a moratorium, directed a public announcement, and instructed the Financial Creditor to deposit funds. Compliance with IBC provisions was confirmed, emphasizing the need for transparent resolution processes to protect the interests of both the corporate debtor and creditors. Case-Laws Insolvency and Bankruptcy Tue, 11 Jun 2019 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=291964