https://www.taxtmi.com/caselaws?id=293044 The Tribunal upheld the petition under section 9 of the Insolvency & Bankruptcy Code, 2016, against the Corporate Debtor for non-payment of dues, initiating the Corporate Insolvency Resolution Process (CIRP) and imposing a moratorium to safeguard the Corporate Debtor's assets during resolution. An Insolvency Professional was appointed as the Interim Resolution Professional (IRP) to oversee the process, with the Operational Creditor required to deposit funds for IRP expenses. The IRP was tasked with adhering to the Code's provisions and submitting a report to the Adjudicating Authority. en-us Mon, 09 Dec 2019 00:00:00 +0530 Wed, 20 Jan 2021 13:26:16 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=293044 The Tribunal upheld the petition under section 9 of the Insolvency & Bankruptcy Code, 2016, against the Corporate Debtor for non-payment of dues, initiating the Corporate Insolvency Resolution Process (CIRP) and imposing a moratorium to safeguard the Corporate Debtor's assets during resolution. An Insolvency Professional was appointed as the Interim Resolution Professional (IRP) to oversee the process, with the Operational Creditor required to deposit funds for IRP expenses. The IRP was tasked with adhering to the Code's provisions and submitting a report to the Adjudicating Authority. Case-Laws Insolvency and Bankruptcy Mon, 09 Dec 2019 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=293044