https://www.taxtmi.com/caselaws?id=403270 The Adjudicating Authority admitted the application for the initiation of Corporate Insolvency Resolution Process under Section 9 of the Insolvency & Bankruptcy Code, 2016 against the Corporate Debtor due to outstanding dues claimed by the Operational Creditor. The Authority noted the absence of the Corporate Debtor's participation, leading to the appointment of an Interim Resolution Professional (IRP) and declaration of a moratorium. The case proceeded with the aim of managing the Corporate Debtor's operations, protecting assets, and ensuring the continuation of supplies, with further proceedings scheduled for a later date. en-us Mon, 11 Jan 2021 00:00:00 +0530 Mon, 22 Feb 2021 11:54:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=403270 The Adjudicating Authority admitted the application for the initiation of Corporate Insolvency Resolution Process under Section 9 of the Insolvency & Bankruptcy Code, 2016 against the Corporate Debtor due to outstanding dues claimed by the Operational Creditor. The Authority noted the absence of the Corporate Debtor's participation, leading to the appointment of an Interim Resolution Professional (IRP) and declaration of a moratorium. The case proceeded with the aim of managing the Corporate Debtor's operations, protecting assets, and ensuring the continuation of supplies, with further proceedings scheduled for a later date. Case-Laws Insolvency and Bankruptcy Mon, 11 Jan 2021 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=403270