https://www.taxtmi.com/caselaws?id=407635 The tribunal admitted the petition, initiating the Corporate Insolvency Resolution Process (CIRP) against the respondent, a private limited company, for an outstanding operational debt of Rs. 1,18,39,134/- including interest. A moratorium was declared, appointing an Interim Resolution Professional (IRP) to manage the process. The applicant was directed to pay an advance for smooth conduct of CIRP. Essential services to the respondent were to continue uninterrupted during the moratorium. The registry was to inform the Registrar of Companies to prevent detrimental actions against the respondent. en-us Mon, 03 May 2021 00:00:00 +0530 Mon, 17 May 2021 08:35:29 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=407635 The tribunal admitted the petition, initiating the Corporate Insolvency Resolution Process (CIRP) against the respondent, a private limited company, for an outstanding operational debt of Rs. 1,18,39,134/- including interest. A moratorium was declared, appointing an Interim Resolution Professional (IRP) to manage the process. The applicant was directed to pay an advance for smooth conduct of CIRP. Essential services to the respondent were to continue uninterrupted during the moratorium. The registry was to inform the Registrar of Companies to prevent detrimental actions against the respondent. Case-Laws Insolvency and Bankruptcy Mon, 03 May 2021 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=407635