https://www.taxtmi.com/caselaws?id=408957 The Tribunal admitted the petition under Section 9 of the Insolvency and Bankruptcy Code, declaring a moratorium under Section 14. An Interim Resolution Professional (IRP) was appointed to oversee the resolution process, including forming a Committee of Creditors. The petition was found complete, establishing default in payment of operational debt exceeding Rs. 1,00,000. The IRP was instructed to follow IBC requirements, submit progress reports, and file necessary forms promptly. The moratorium imposed restrictions on actions against the Corporate Debtor, ensuring compliance with statutory provisions. en-us Fri, 18 Jun 2021 00:00:00 +0530 Fri, 25 Jun 2021 07:13:37 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=408957 The Tribunal admitted the petition under Section 9 of the Insolvency and Bankruptcy Code, declaring a moratorium under Section 14. An Interim Resolution Professional (IRP) was appointed to oversee the resolution process, including forming a Committee of Creditors. The petition was found complete, establishing default in payment of operational debt exceeding Rs. 1,00,000. The IRP was instructed to follow IBC requirements, submit progress reports, and file necessary forms promptly. The moratorium imposed restrictions on actions against the Corporate Debtor, ensuring compliance with statutory provisions. Case-Laws Insolvency and Bankruptcy Fri, 18 Jun 2021 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=408957