https://www.taxtmi.com/caselaws?id=403972 The tribunal admitted the petition and ordered the initiation of Corporate Insolvency Resolution Process (CIRP) against the Corporate Debtor due to persistent defaults in loan repayments. The tribunal appointed an Interim Resolution Professional (IRP) and implemented a moratorium under Section 14 of the Insolvency and Bankruptcy Code, 2016. The management of the Corporate Debtor will be under the IRP, and essential services must continue during the moratorium. The tribunal excluded the sale proceeds of a vessel from the CIRP process. en-us Mon, 08 Feb 2021 00:00:00 +0530 Fri, 12 Feb 2021 12:01:49 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=403972 The tribunal admitted the petition and ordered the initiation of Corporate Insolvency Resolution Process (CIRP) against the Corporate Debtor due to persistent defaults in loan repayments. The tribunal appointed an Interim Resolution Professional (IRP) and implemented a moratorium under Section 14 of the Insolvency and Bankruptcy Code, 2016. The management of the Corporate Debtor will be under the IRP, and essential services must continue during the moratorium. The tribunal excluded the sale proceeds of a vessel from the CIRP process. Case-Laws Insolvency and Bankruptcy Mon, 08 Feb 2021 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=403972