https://www.taxtmi.com/caselaws?id=406653 The National Company Law Tribunal, New Delhi, entertained an application under section 9 of the Insolvency and Bankruptcy Code, 2016, filed by Natraj Proteins Limited against Claro Energy Private Limited for irregular payment issues. The Tribunal established jurisdiction based on the debtor's registered office location, found the application timely filed, appointed an Insolvency Resolution Professional, and imposed a moratorium post-admission. Mr. Rajesh Lohia was named Interim Resolution Professional, and operational creditors were directed to deposit funds for expenses. The moratorium under Section 14(1) of the Code was implemented with specified conditions for compliance. en-us Tue, 13 Apr 2021 00:00:00 +0530 Tue, 20 Apr 2021 12:54:02 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=406653 The National Company Law Tribunal, New Delhi, entertained an application under section 9 of the Insolvency and Bankruptcy Code, 2016, filed by Natraj Proteins Limited against Claro Energy Private Limited for irregular payment issues. The Tribunal established jurisdiction based on the debtor's registered office location, found the application timely filed, appointed an Insolvency Resolution Professional, and imposed a moratorium post-admission. Mr. Rajesh Lohia was named Interim Resolution Professional, and operational creditors were directed to deposit funds for expenses. The moratorium under Section 14(1) of the Code was implemented with specified conditions for compliance. Case-Laws Insolvency and Bankruptcy Tue, 13 Apr 2021 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=406653