https://www.taxtmi.com/caselaws?id=406180 The National Company Law Tribunal, Chennai Bench, admitted the application for Corporate Insolvency Resolution Process (CIRP) against M/s. Harsha Exito Engineering Pvt. Ltd. due to default in payment. The Tribunal appointed an Interim Resolution Professional, invoked a moratorium period under Section 14(1) of the Insolvency and Bankruptcy Code, 2016, and directed the Operational Creditor to pay expenses. The CIRP initiation was based on the debt, default, and non-compliance with settlement terms by the Corporate Debtor, leading to immediate effect of the moratorium. en-us Wed, 24 Mar 2021 00:00:00 +0530 Thu, 08 Apr 2021 09:39:45 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=406180 The National Company Law Tribunal, Chennai Bench, admitted the application for Corporate Insolvency Resolution Process (CIRP) against M/s. Harsha Exito Engineering Pvt. Ltd. due to default in payment. The Tribunal appointed an Interim Resolution Professional, invoked a moratorium period under Section 14(1) of the Insolvency and Bankruptcy Code, 2016, and directed the Operational Creditor to pay expenses. The CIRP initiation was based on the debt, default, and non-compliance with settlement terms by the Corporate Debtor, leading to immediate effect of the moratorium. Case-Laws Insolvency and Bankruptcy Wed, 24 Mar 2021 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=406180