https://www.taxtmi.com/caselaws?id=406605 The National Company Law Tribunal, Chandigarh Bench, admitted a petition under Section 17 of the Insolvency and Bankruptcy Code, 2016, against a Corporate Debtor for default in payment. The Tribunal found the application complete, appointed an Interim Resolution Professional (IRP), and declared a moratorium under Section 14 of the Code. The IRP was tasked with initiating necessary steps under relevant Code sections, while the moratorium imposed restrictions on actions against the Corporate Debtor until the resolution process's completion. The judgment aimed to facilitate an effective corporate insolvency resolution process. en-us Fri, 26 Mar 2021 00:00:00 +0530 Mon, 19 Apr 2021 20:33:11 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=406605 The National Company Law Tribunal, Chandigarh Bench, admitted a petition under Section 17 of the Insolvency and Bankruptcy Code, 2016, against a Corporate Debtor for default in payment. The Tribunal found the application complete, appointed an Interim Resolution Professional (IRP), and declared a moratorium under Section 14 of the Code. The IRP was tasked with initiating necessary steps under relevant Code sections, while the moratorium imposed restrictions on actions against the Corporate Debtor until the resolution process's completion. The judgment aimed to facilitate an effective corporate insolvency resolution process. Case-Laws Insolvency and Bankruptcy Fri, 26 Mar 2021 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=406605