https://www.taxtmi.com/caselaws?id=295487 The petition filed by the Financial Creditor under Section 7 of the Insolvency and Bankruptcy Code, 2016 was admitted. A moratorium was declared, and an Interim Resolution Professional (IRP) was appointed to conduct the Corporate Insolvency Resolution Process (CIRP) in a time-bound manner. The Financial Creditor was directed to pay Rs. 5 lakh as advance fees to the IRP. The Tribunal found sufficient evidence of debt and default, meeting the requirements of the IBC. The matter was listed for progress report filing, and the order was communicated to the concerned parties. en-us Wed, 28 Aug 2019 00:00:00 +0530 Mon, 07 Jun 2021 08:35:36 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=295487 The petition filed by the Financial Creditor under Section 7 of the Insolvency and Bankruptcy Code, 2016 was admitted. A moratorium was declared, and an Interim Resolution Professional (IRP) was appointed to conduct the Corporate Insolvency Resolution Process (CIRP) in a time-bound manner. The Financial Creditor was directed to pay Rs. 5 lakh as advance fees to the IRP. The Tribunal found sufficient evidence of debt and default, meeting the requirements of the IBC. The matter was listed for progress report filing, and the order was communicated to the concerned parties. Case-Laws Insolvency and Bankruptcy Wed, 28 Aug 2019 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=295487