https://www.taxtmi.com/caselaws?id=406103 The Tribunal admitted the Corporate Debtor in Corporate Insolvency Resolution Process (CIRP) under section 7 of IBC, 2016, appointing an Interim Resolution Professional (IRP) and declaring a moratorium. This decision followed the Corporate Debtor's admission of debt and default through correspondence, despite the alleged inconsistencies raised by the Corporate Debtor regarding the claim amount and evidence submitted by the Financial Creditor. The aim was to address the financial distress and effectively manage the operations of the Corporate Debtor. en-us Thu, 25 Mar 2021 00:00:00 +0530 Tue, 06 Apr 2021 08:52:39 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=406103 The Tribunal admitted the Corporate Debtor in Corporate Insolvency Resolution Process (CIRP) under section 7 of IBC, 2016, appointing an Interim Resolution Professional (IRP) and declaring a moratorium. This decision followed the Corporate Debtor's admission of debt and default through correspondence, despite the alleged inconsistencies raised by the Corporate Debtor regarding the claim amount and evidence submitted by the Financial Creditor. The aim was to address the financial distress and effectively manage the operations of the Corporate Debtor. Case-Laws Insolvency and Bankruptcy Thu, 25 Mar 2021 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=406103