https://www.taxtmi.com/caselaws?id=293998 The court admitted the petition filed by a corporate debtor against itself under Section 10 of the Insolvency and Bankruptcy Code. The court appointed an Interim Resolution Professional and initiated the Corporate Insolvency Resolution Process, triggering a moratorium to protect the debtor's assets and ensure continuity of essential services. The decision was supported by the debtor's admission of debt, defaults, and financial distress, leading to the commencement of insolvency proceedings. en-us Mon, 14 May 2018 00:00:00 +0530 Sun, 14 Mar 2021 20:15:32 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=293998 The court admitted the petition filed by a corporate debtor against itself under Section 10 of the Insolvency and Bankruptcy Code. The court appointed an Interim Resolution Professional and initiated the Corporate Insolvency Resolution Process, triggering a moratorium to protect the debtor's assets and ensure continuity of essential services. The decision was supported by the debtor's admission of debt, defaults, and financial distress, leading to the commencement of insolvency proceedings. Case-Laws Insolvency and Bankruptcy Mon, 14 May 2018 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=293998