https://www.taxtmi.com/caselaws?id=296343 The Company Petition was filed by a Financial Creditor under Section 7 of the IBC against the Corporate Debtor for outstanding debt. The Respondent admitted the claim, leading to the initiation of the Corporate Insolvency Resolution Process (CIRP). An Insolvency Resolution Professional (IRP) was appointed, invoking a moratorium under Section 14 of the IBC. The Financial Creditor was directed to deposit funds for the IRP's expenses, and all personnel were required to cooperate. The Tribunal ordered compliance with timelines and provisions of the IBC during the CIRP, with the IRP overseeing the process. en-us Mon, 05 Aug 2019 00:00:00 +0530 Thu, 15 Jul 2021 18:03:06 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=296343 The Company Petition was filed by a Financial Creditor under Section 7 of the IBC against the Corporate Debtor for outstanding debt. The Respondent admitted the claim, leading to the initiation of the Corporate Insolvency Resolution Process (CIRP). An Insolvency Resolution Professional (IRP) was appointed, invoking a moratorium under Section 14 of the IBC. The Financial Creditor was directed to deposit funds for the IRP's expenses, and all personnel were required to cooperate. The Tribunal ordered compliance with timelines and provisions of the IBC during the CIRP, with the IRP overseeing the process. Case-Laws Insolvency and Bankruptcy Mon, 05 Aug 2019 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=296343