https://www.taxtmi.com/caselaws?id=402116 The Tribunal admitted the application under Section 9 of the Insolvency and Bankruptcy Code, 2016, finding the default in payment by the Corporate Debtor established. Consequently, the Corporate Insolvency Resolution Process (CIRP) was initiated against the Corporate Debtor, with an Interim Resolution Professional appointed and a moratorium imposed under Section 14 of the Code. The order was directed to be communicated to relevant parties, including the Operational Creditor, Corporate Debtor, IRP, and Registrar of Companies within seven days. en-us Tue, 08 Sep 2020 00:00:00 +0530 Thu, 24 Dec 2020 10:58:41 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=402116 The Tribunal admitted the application under Section 9 of the Insolvency and Bankruptcy Code, 2016, finding the default in payment by the Corporate Debtor established. Consequently, the Corporate Insolvency Resolution Process (CIRP) was initiated against the Corporate Debtor, with an Interim Resolution Professional appointed and a moratorium imposed under Section 14 of the Code. The order was directed to be communicated to relevant parties, including the Operational Creditor, Corporate Debtor, IRP, and Registrar of Companies within seven days. Case-Laws Insolvency and Bankruptcy Tue, 08 Sep 2020 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=402116