https://www.taxtmi.com/caselaws?id=401907 The Tribunal granted the application under Section 9 of the Insolvency and Bankruptcy Code, 2016, filed by M/S INDSAO INFRATECH against M/s. Mars Buildmart Private Limited, the Corporate Debtor. The Applicant, an operational creditor, proved the debt owed by the Corporate Debtor, leading to the initiation of the Corporate Insolvency Resolution Process. A moratorium under Section 14 of the Code was imposed, appointing an interim resolution professional and requiring the Applicant to deposit funds for immediate expenses. Compliance and procedural adherence were emphasized for transparency in the insolvency resolution process. en-us Wed, 16 Dec 2020 00:00:00 +0530 Sat, 19 Dec 2020 06:52:41 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=401907 The Tribunal granted the application under Section 9 of the Insolvency and Bankruptcy Code, 2016, filed by M/S INDSAO INFRATECH against M/s. Mars Buildmart Private Limited, the Corporate Debtor. The Applicant, an operational creditor, proved the debt owed by the Corporate Debtor, leading to the initiation of the Corporate Insolvency Resolution Process. A moratorium under Section 14 of the Code was imposed, appointing an interim resolution professional and requiring the Applicant to deposit funds for immediate expenses. Compliance and procedural adherence were emphasized for transparency in the insolvency resolution process. Case-Laws Insolvency and Bankruptcy Wed, 16 Dec 2020 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=401907