https://www.taxtmi.com/caselaws?id=402557 The court admitted the Petition seeking Corporate Insolvency Resolution Process (CIRP) against the Corporate Debtor due to default in payment, supported by evidence of breach of contract terms, non-appearance of the Corporate Debtor, and admission of liability. A moratorium was declared to facilitate the resolution process, appointing an Interim Resolution Professional and ensuring continuity of essential services. en-us Mon, 04 Jan 2021 00:00:00 +0530 Wed, 06 Jan 2021 14:13:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=402557 The court admitted the Petition seeking Corporate Insolvency Resolution Process (CIRP) against the Corporate Debtor due to default in payment, supported by evidence of breach of contract terms, non-appearance of the Corporate Debtor, and admission of liability. A moratorium was declared to facilitate the resolution process, appointing an Interim Resolution Professional and ensuring continuity of essential services. Case-Laws Insolvency and Bankruptcy Mon, 04 Jan 2021 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=402557