https://www.taxtmi.com/caselaws?id=406182 The Tribunal admitted the application under Section 7 of the Insolvency and Bankruptcy Code, appointing an Interim Resolution Professional and imposing a moratorium to protect the Corporate Debtor from legal actions and asset disposals. The Corporate Debtor's claims of reducing liabilities through asset sales were considered, but the evidence confirmed the debt and default. The moratorium was to remain until completion of the insolvency resolution process or liquidation, ensuring uninterrupted essential supplies and communication with relevant parties. en-us Tue, 30 Mar 2021 00:00:00 +0530 Thu, 08 Apr 2021 09:39:53 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=406182 The Tribunal admitted the application under Section 7 of the Insolvency and Bankruptcy Code, appointing an Interim Resolution Professional and imposing a moratorium to protect the Corporate Debtor from legal actions and asset disposals. The Corporate Debtor's claims of reducing liabilities through asset sales were considered, but the evidence confirmed the debt and default. The moratorium was to remain until completion of the insolvency resolution process or liquidation, ensuring uninterrupted essential supplies and communication with relevant parties. Case-Laws Insolvency and Bankruptcy Tue, 30 Mar 2021 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=406182