https://www.taxtmi.com/caselaws?id=408125 The Tribunal admitted the petition and initiated Corporate Insolvency Resolution Process (CIRP) against the Respondent for defaulting on a loan repayment. Despite the Respondent's arguments of ongoing negotiations and financial difficulties, the Tribunal found evidence of default, leading to the imposition of a moratorium under Section 14 of the Insolvency and Bankruptcy Code, 2016. An interim resolution professional (IRP) was appointed to manage the CIRP process efficiently. en-us Thu, 01 Apr 2021 00:00:00 +0530 Tue, 01 Jun 2021 12:51:10 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=408125 The Tribunal admitted the petition and initiated Corporate Insolvency Resolution Process (CIRP) against the Respondent for defaulting on a loan repayment. Despite the Respondent's arguments of ongoing negotiations and financial difficulties, the Tribunal found evidence of default, leading to the imposition of a moratorium under Section 14 of the Insolvency and Bankruptcy Code, 2016. An interim resolution professional (IRP) was appointed to manage the CIRP process efficiently. Case-Laws Insolvency and Bankruptcy Thu, 01 Apr 2021 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=408125