https://www.taxtmi.com/caselaws?id=296276 The Tribunal admitted the Company Petition seeking Corporate Insolvency Resolution Process against the Corporate Debtor for default in payment. The Corporate Debtor confirmed the outstanding dues, and the Tribunal found a clear debt and default, holding the Corporate Debtor liable to pay the claimed amount. An Interim Resolution Professional was appointed, and a Moratorium was declared with specific directions, prohibiting certain actions and ensuring essential services continued. The public announcement of the Corporate Insolvency Resolution Process was mandated, and the Interim Resolution Professional was directed to carry out relevant functions under the Code. en-us Thu, 14 Nov 2019 00:00:00 +0530 Tue, 13 Jul 2021 10:34:50 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=296276 The Tribunal admitted the Company Petition seeking Corporate Insolvency Resolution Process against the Corporate Debtor for default in payment. The Corporate Debtor confirmed the outstanding dues, and the Tribunal found a clear debt and default, holding the Corporate Debtor liable to pay the claimed amount. An Interim Resolution Professional was appointed, and a Moratorium was declared with specific directions, prohibiting certain actions and ensuring essential services continued. The public announcement of the Corporate Insolvency Resolution Process was mandated, and the Interim Resolution Professional was directed to carry out relevant functions under the Code. Case-Laws Insolvency and Bankruptcy Thu, 14 Nov 2019 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=296276