https://www.taxtmi.com/caselaws?id=292058 The tribunal found the corporate debtor in default of the debt claimed by the operational creditor, leading to the admission of the application and initiation of the corporate insolvency resolution process. A moratorium was declared, halting legal actions against the corporate debtor, and an interim resolution professional (IRP) was appointed to oversee the process in compliance with the Insolvency and Bankruptcy Code, 2016. The tribunal instructed communication of the order to the IRP and the corporate debtor for further proceedings. en-us Tue, 08 Jan 2019 00:00:00 +0530 Sat, 05 Dec 2020 12:13:18 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=292058 The tribunal found the corporate debtor in default of the debt claimed by the operational creditor, leading to the admission of the application and initiation of the corporate insolvency resolution process. A moratorium was declared, halting legal actions against the corporate debtor, and an interim resolution professional (IRP) was appointed to oversee the process in compliance with the Insolvency and Bankruptcy Code, 2016. The tribunal instructed communication of the order to the IRP and the corporate debtor for further proceedings. Case-Laws Insolvency and Bankruptcy Tue, 08 Jan 2019 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=292058