https://www.taxtmi.com/caselaws?id=407433 The National Company Law Tribunal, Chennai Bench, initiated Corporate Insolvency Resolution Process under Section 9 of IBC due to non-payment of invoices by the Corporate Debtor despite Consent Terms and a Memorandum of Compromise. An Interim Resolution Professional was appointed, and a moratorium was declared until completion of the resolution process or liquidation. Essential goods and services supply was to continue during the moratorium. The public announcement of the Corporate Insolvency Resolution Process was ordered in accordance with the Insolvency & Bankruptcy Code. en-us Tue, 27 Apr 2021 00:00:00 +0530 Tue, 11 May 2021 08:36:37 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=407433 The National Company Law Tribunal, Chennai Bench, initiated Corporate Insolvency Resolution Process under Section 9 of IBC due to non-payment of invoices by the Corporate Debtor despite Consent Terms and a Memorandum of Compromise. An Interim Resolution Professional was appointed, and a moratorium was declared until completion of the resolution process or liquidation. Essential goods and services supply was to continue during the moratorium. The public announcement of the Corporate Insolvency Resolution Process was ordered in accordance with the Insolvency & Bankruptcy Code. Case-Laws Insolvency and Bankruptcy Tue, 27 Apr 2021 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=407433