https://www.taxtmi.com/caselaws?id=404296 The petition to initiate Corporate Insolvency Resolution Process (CIRP) against the Respondent, Italtinto Equipment Private Limited, was allowed by the Tribunal. The Petitioner, Clariant Services India Private Limited, was deemed an Operational Creditor under the Insolvency and Bankruptcy Code. The Tribunal confirmed the existence of debt and default, rejecting the Respondent's challenges on maintainability. Mr. Bhaskar Gopal Shetty was appointed as the Interim Resolution Professional, and a moratorium was imposed. The CIRP was initiated, and essential services to the Corporate Debtor were to continue during the moratorium period. en-us Tue, 09 Feb 2021 00:00:00 +0530 Sat, 20 Feb 2021 09:08:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=404296 The petition to initiate Corporate Insolvency Resolution Process (CIRP) against the Respondent, Italtinto Equipment Private Limited, was allowed by the Tribunal. The Petitioner, Clariant Services India Private Limited, was deemed an Operational Creditor under the Insolvency and Bankruptcy Code. The Tribunal confirmed the existence of debt and default, rejecting the Respondent's challenges on maintainability. Mr. Bhaskar Gopal Shetty was appointed as the Interim Resolution Professional, and a moratorium was imposed. The CIRP was initiated, and essential services to the Corporate Debtor were to continue during the moratorium period. Case-Laws Insolvency and Bankruptcy Tue, 09 Feb 2021 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=404296