https://www.taxtmi.com/caselaws?id=408311 The Tribunal admitted the application under Section 9(5) of the Insolvency and Bankruptcy Code, 2016, initiating the Corporate Insolvency Resolution Process against the Corporate Debtor. A moratorium was declared, prohibiting suits, asset transfers, and recovery actions against the Debtor. Mr. Arpit Kothari was appointed as the Interim Resolution Professional, with the Operational Creditor instructed to pay expenses. The Tribunal found the Corporate Debtor's dispute regarding work quality to be weak, noting the default and jurisdictional compliance. The order was communicated for further action in accordance with the IBC regulations. en-us Mon, 31 May 2021 00:00:00 +0530 Sat, 20 Nov 2021 12:17:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=408311 The Tribunal admitted the application under Section 9(5) of the Insolvency and Bankruptcy Code, 2016, initiating the Corporate Insolvency Resolution Process against the Corporate Debtor. A moratorium was declared, prohibiting suits, asset transfers, and recovery actions against the Debtor. Mr. Arpit Kothari was appointed as the Interim Resolution Professional, with the Operational Creditor instructed to pay expenses. The Tribunal found the Corporate Debtor's dispute regarding work quality to be weak, noting the default and jurisdictional compliance. The order was communicated for further action in accordance with the IBC regulations. Case-Laws Insolvency and Bankruptcy Mon, 31 May 2021 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=408311