https://www.taxtmi.com/caselaws?id=404283 The National Company Law Tribunal, Ahmedabad Bench, admitted a Corporate Debtor in the Corporate Insolvency Resolution Process (CIRP) under Section 9 of the Insolvency and Bankruptcy Code, 2016. The tribunal found the debt to be due and payable after the Corporate Debtor failed to respond despite notice and publication. A moratorium was declared under Section 14, appointing an Interim Resolution Professional (IRP) to conduct the CIRP. The IRP was tasked with managing operations, ensuring the supply of goods/services, and preserving the Corporate Debtor's value. The judgment emphasized compliance with the Code and regulations, directing parties to follow the CIRP procedures. en-us Thu, 22 Oct 2020 00:00:00 +0530 Sat, 20 Feb 2021 15:50:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=404283 The National Company Law Tribunal, Ahmedabad Bench, admitted a Corporate Debtor in the Corporate Insolvency Resolution Process (CIRP) under Section 9 of the Insolvency and Bankruptcy Code, 2016. The tribunal found the debt to be due and payable after the Corporate Debtor failed to respond despite notice and publication. A moratorium was declared under Section 14, appointing an Interim Resolution Professional (IRP) to conduct the CIRP. The IRP was tasked with managing operations, ensuring the supply of goods/services, and preserving the Corporate Debtor's value. The judgment emphasized compliance with the Code and regulations, directing parties to follow the CIRP procedures. Case-Laws Insolvency and Bankruptcy Thu, 22 Oct 2020 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=404283