https://www.taxtmi.com/caselaws?id=404738 The Tribunal initiated the Corporate Insolvency Resolution Process (CIRP) against the corporate debtor, imposing a moratorium under section 14 of the Insolvency and Bankruptcy Code. The debtor admitted liability for the operational debt, leading to the appointment of an interim resolution professional (IRP) to oversee the resolution process. The IRP was tasked with submitting a report within 30 days, and the applicant was required to deposit funds for immediate expenses. The judgment ensured a structured approach to resolving the financial distress of the corporate debtor. en-us Wed, 16 Dec 2020 00:00:00 +0530 Tue, 02 Mar 2021 12:32:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=404738 The Tribunal initiated the Corporate Insolvency Resolution Process (CIRP) against the corporate debtor, imposing a moratorium under section 14 of the Insolvency and Bankruptcy Code. The debtor admitted liability for the operational debt, leading to the appointment of an interim resolution professional (IRP) to oversee the resolution process. The IRP was tasked with submitting a report within 30 days, and the applicant was required to deposit funds for immediate expenses. The judgment ensured a structured approach to resolving the financial distress of the corporate debtor. Case-Laws Insolvency and Bankruptcy Wed, 16 Dec 2020 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=404738