https://www.taxtmi.com/caselaws?id=402794 The Tribunal admitted the application under Section 7 of the Insolvency & Bankruptcy Code, 2016, filed by the Financial Creditor against the Corporate Debtor, M/s. Appu Hotels Limited. It declared a moratorium, appointed an Interim Resolution Professional, and directed initiation of the Corporate Insolvency Resolution Process. The Tribunal found the Corporate Debtor in clear default and emphasized its obligation to admit such applications in cases of financial debt and default. The IRP was instructed to proceed with necessary actions and submit a report within 20 days. en-us Tue, 05 May 2020 00:00:00 +0530 Sat, 20 Nov 2021 12:11:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=402794 The Tribunal admitted the application under Section 7 of the Insolvency & Bankruptcy Code, 2016, filed by the Financial Creditor against the Corporate Debtor, M/s. Appu Hotels Limited. It declared a moratorium, appointed an Interim Resolution Professional, and directed initiation of the Corporate Insolvency Resolution Process. The Tribunal found the Corporate Debtor in clear default and emphasized its obligation to admit such applications in cases of financial debt and default. The IRP was instructed to proceed with necessary actions and submit a report within 20 days. Case-Laws Insolvency and Bankruptcy Tue, 05 May 2020 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=402794