https://www.taxtmi.com/caselaws?id=408192 The Tribunal admitted the application under Section 9 of the Insolvency & Bankruptcy Code, 2016, declaring a moratorium under Section 14(1) and appointing an Interim Resolution Professional (IRP). The Corporate Debtor's arguments on the notice under Section 8, limitation of debt, and pre-existing disputes were dismissed. The IRP was directed to manage the Corporate Debtor's operations, and the Operational Creditor was ordered to advance funds for the Corporate Insolvency Resolution Process. The Registry was instructed to disseminate the order to relevant parties and upload it online. en-us Mon, 22 Mar 2021 00:00:00 +0530 Thu, 03 Jun 2021 08:36:15 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=408192 The Tribunal admitted the application under Section 9 of the Insolvency & Bankruptcy Code, 2016, declaring a moratorium under Section 14(1) and appointing an Interim Resolution Professional (IRP). The Corporate Debtor's arguments on the notice under Section 8, limitation of debt, and pre-existing disputes were dismissed. The IRP was directed to manage the Corporate Debtor's operations, and the Operational Creditor was ordered to advance funds for the Corporate Insolvency Resolution Process. The Registry was instructed to disseminate the order to relevant parties and upload it online. Case-Laws Insolvency and Bankruptcy Mon, 22 Mar 2021 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=408192