https://www.taxtmi.com/caselaws?id=406105 The Operational Creditor filed an application under Section 9 of the Insolvency and Bankruptcy Code against the Corporate Debtor for an outstanding amount. The court verified the debt, dismissed concerns of collusiveness, appointed an Interim Resolution Professional, declared a moratorium, directed continuation of supplies, and communicated the order to relevant parties. Ms. Teena Saraswat Pandey was appointed as the IRP to oversee the Corporate Insolvency Resolution Process. The moratorium was imposed to protect the Corporate Debtor's assets until the resolution process is completed or liquidation is ordered. en-us Fri, 26 Mar 2021 00:00:00 +0530 Tue, 06 Apr 2021 08:52:53 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=406105 The Operational Creditor filed an application under Section 9 of the Insolvency and Bankruptcy Code against the Corporate Debtor for an outstanding amount. The court verified the debt, dismissed concerns of collusiveness, appointed an Interim Resolution Professional, declared a moratorium, directed continuation of supplies, and communicated the order to relevant parties. Ms. Teena Saraswat Pandey was appointed as the IRP to oversee the Corporate Insolvency Resolution Process. The moratorium was imposed to protect the Corporate Debtor's assets until the resolution process is completed or liquidation is ordered. Case-Laws Insolvency and Bankruptcy Fri, 26 Mar 2021 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=406105