https://www.taxtmi.com/caselaws?id=407332 The Tribunal ruled in favor of the Operational Creditor in an application under Section 9 of the Insolvency and Bankruptcy Code, finding the Corporate Debtor in default of payment for crane hiring charges. The Tribunal admitted the application for Corporate Insolvency Resolution Process, appointing an Interim Resolution Professional and imposing a moratorium on certain actions against the Corporate Debtor. Essential supplies and services were to continue, and the moratorium would remain until the completion of the resolution process. The Operational Creditor was directed to pay a specified amount for expenses, with communication of the decision mandated to relevant parties and authorities. en-us Thu, 29 Apr 2021 00:00:00 +0530 Fri, 07 May 2021 08:05:05 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=407332 The Tribunal ruled in favor of the Operational Creditor in an application under Section 9 of the Insolvency and Bankruptcy Code, finding the Corporate Debtor in default of payment for crane hiring charges. The Tribunal admitted the application for Corporate Insolvency Resolution Process, appointing an Interim Resolution Professional and imposing a moratorium on certain actions against the Corporate Debtor. Essential supplies and services were to continue, and the moratorium would remain until the completion of the resolution process. The Operational Creditor was directed to pay a specified amount for expenses, with communication of the decision mandated to relevant parties and authorities. Case-Laws Insolvency and Bankruptcy Thu, 29 Apr 2021 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=407332