https://www.taxtmi.com/caselaws?id=406954 The Tribunal admitted the Company Application for initiating Corporate Insolvency Resolution Process against the Corporate Debtor, appointing an Insolvency Resolution Professional (IRP) and implementing necessary measures to manage the insolvency proceedings effectively. The Corporate Debtor's defense was rejected, and a moratorium on legal actions was declared, with protection for essential goods or services supply. The Directors and Promoters were directed to cooperate with the IRP, and the Registry was tasked with communicating the order to relevant parties and updating the Corporate Debtor's status with the Ministry of Corporate Affairs. en-us Fri, 26 Mar 2021 00:00:00 +0530 Tue, 27 Apr 2021 12:16:04 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=406954 The Tribunal admitted the Company Application for initiating Corporate Insolvency Resolution Process against the Corporate Debtor, appointing an Insolvency Resolution Professional (IRP) and implementing necessary measures to manage the insolvency proceedings effectively. The Corporate Debtor's defense was rejected, and a moratorium on legal actions was declared, with protection for essential goods or services supply. The Directors and Promoters were directed to cooperate with the IRP, and the Registry was tasked with communicating the order to relevant parties and updating the Corporate Debtor's status with the Ministry of Corporate Affairs. Case-Laws Insolvency and Bankruptcy Fri, 26 Mar 2021 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=406954