https://www.taxtmi.com/caselaws?id=404770 The Financial Creditor filed a petition under section 7 of the Insolvency and Bankruptcy Code, 2016 against the Corporate Debtor for defaulting on a substantial claim amount. The Tribunal admitted the petition, established the default, and declared a moratorium under Section 14 of the Code. An Interim Resolution Professional was appointed, and various prohibitions were imposed during the moratorium period. The Financial Creditor was directed to deposit funds for immediate expenses. The Corporate Insolvency Resolution process commenced for the Corporate Debtor following the Tribunal's decision. en-us Wed, 21 Oct 2020 00:00:00 +0530 Thu, 04 Mar 2021 08:25:48 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=404770 The Financial Creditor filed a petition under section 7 of the Insolvency and Bankruptcy Code, 2016 against the Corporate Debtor for defaulting on a substantial claim amount. The Tribunal admitted the petition, established the default, and declared a moratorium under Section 14 of the Code. An Interim Resolution Professional was appointed, and various prohibitions were imposed during the moratorium period. The Financial Creditor was directed to deposit funds for immediate expenses. The Corporate Insolvency Resolution process commenced for the Corporate Debtor following the Tribunal's decision. Case-Laws Insolvency and Bankruptcy Wed, 21 Oct 2020 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=404770