https://www.taxtmi.com/caselaws?id=296344 The Tribunal admitted the application under Section 7 of the Insolvency and Bankruptcy Code, filed by a bank against a Corporate Debtor for defaulting on a debt. An Insolvency Professional was appointed as the Interim Resolution Professional, and a Moratorium was implemented under Section 14 of the Code. Essential services were to continue during the Moratorium, and the IRP was tasked with public announcements and specific duties. The Corporate Insolvency Resolution Process was deemed effective from the admission order date, signaling the initiation of formal resolution proceedings for the Corporate Debtor's financial distress. en-us Thu, 28 Nov 2019 00:00:00 +0530 Thu, 15 Jul 2021 18:03:06 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=296344 The Tribunal admitted the application under Section 7 of the Insolvency and Bankruptcy Code, filed by a bank against a Corporate Debtor for defaulting on a debt. An Insolvency Professional was appointed as the Interim Resolution Professional, and a Moratorium was implemented under Section 14 of the Code. Essential services were to continue during the Moratorium, and the IRP was tasked with public announcements and specific duties. The Corporate Insolvency Resolution Process was deemed effective from the admission order date, signaling the initiation of formal resolution proceedings for the Corporate Debtor's financial distress. Case-Laws Insolvency and Bankruptcy Thu, 28 Nov 2019 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=296344