https://www.taxtmi.com/caselaws?id=407029 The Adjudicating Authority, in a case involving an operational creditor and a corporate debtor, found the application complete with supporting documents, confirmed the default in payment, and established the debt under Section 9 of The Insolvency and Bankruptcy Code, 2016. Following the Mobilox case precedent, the Authority declared a moratorium, appointed an Interim Resolution Professional, and directed the operational creditor to provide funds for the resolution process. The order prohibited legal actions against the debtor, asset alienation, and ensured the continuity of essential services, with instructions to the Registrar of Companies to avoid striking off the debtor's name during the insolvency resolution process. en-us Mon, 05 Apr 2021 00:00:00 +0530 Thu, 29 Apr 2021 10:24:01 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=407029 The Adjudicating Authority, in a case involving an operational creditor and a corporate debtor, found the application complete with supporting documents, confirmed the default in payment, and established the debt under Section 9 of The Insolvency and Bankruptcy Code, 2016. Following the Mobilox case precedent, the Authority declared a moratorium, appointed an Interim Resolution Professional, and directed the operational creditor to provide funds for the resolution process. The order prohibited legal actions against the debtor, asset alienation, and ensured the continuity of essential services, with instructions to the Registrar of Companies to avoid striking off the debtor's name during the insolvency resolution process. Case-Laws Insolvency and Bankruptcy Mon, 05 Apr 2021 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=407029