https://www.taxtmi.com/caselaws?id=293113 The Tribunal admitted the application under Section 9 of the Insolvency and Bankruptcy Code, 2016, filed by an Operational Creditor against a Corporate Debtor for default in payment of outstanding debt. The charges were categorized as operational debt, leading to the appointment of an Interim Resolution Professional and the initiation of the Corporate Insolvency Resolution Process. The Tribunal directed the IRP to convene a Committee of Creditors and conduct the resolution process in a time-bound manner, emphasizing the importance of adhering to regulatory requirements. en-us Fri, 13 Mar 2020 00:00:00 +0530 Sat, 23 Jan 2021 21:23:06 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=293113 The Tribunal admitted the application under Section 9 of the Insolvency and Bankruptcy Code, 2016, filed by an Operational Creditor against a Corporate Debtor for default in payment of outstanding debt. The charges were categorized as operational debt, leading to the appointment of an Interim Resolution Professional and the initiation of the Corporate Insolvency Resolution Process. The Tribunal directed the IRP to convene a Committee of Creditors and conduct the resolution process in a time-bound manner, emphasizing the importance of adhering to regulatory requirements. Case-Laws Insolvency and Bankruptcy Fri, 13 Mar 2020 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=293113