https://www.taxtmi.com/caselaws?id=407442 The Tribunal admitted the Company Petition, initiating Corporate Insolvency Resolution Process (CIRP) against the Corporate Debtor for defaulting on payment of dues, which were deemed operational debt. An Interim Resolution Professional was appointed, and orders were issued for a moratorium period, management vesting in the IRP/RP, and public announcement of the CIRP. The petition met all conditions for admission under Section 9 of the Insolvency and Bankruptcy Code, leading to the commencement of the resolution process. en-us Fri, 30 Apr 2021 00:00:00 +0530 Tue, 11 May 2021 08:37:08 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=407442 The Tribunal admitted the Company Petition, initiating Corporate Insolvency Resolution Process (CIRP) against the Corporate Debtor for defaulting on payment of dues, which were deemed operational debt. An Interim Resolution Professional was appointed, and orders were issued for a moratorium period, management vesting in the IRP/RP, and public announcement of the CIRP. The petition met all conditions for admission under Section 9 of the Insolvency and Bankruptcy Code, leading to the commencement of the resolution process. Case-Laws Insolvency and Bankruptcy Fri, 30 Apr 2021 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=407442