https://www.taxtmi.com/caselaws?id=410476 The Tribunal admitted the Company Petition under section 9 of the Insolvency & Bankruptcy Code, 2016 (IBC) filed by an Operational Creditor, initiating Corporate Insolvency Resolution Process (CIRP) against a specific Corporate Debtor due to payment default. The Tribunal established jurisdiction based on the Corporate Debtor's incorporation details. Following non-response from the Debtor despite notices, the petition was admitted, and CIRP was initiated. An Interim Resolution Professional (IRP) was appointed, and directives were issued for the CIRP process, ensuring compliance with legal requirements and effective resolution of the insolvency issue. en-us Wed, 16 Jun 2021 00:00:00 +0530 Tue, 03 Aug 2021 09:14:06 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=410476 The Tribunal admitted the Company Petition under section 9 of the Insolvency & Bankruptcy Code, 2016 (IBC) filed by an Operational Creditor, initiating Corporate Insolvency Resolution Process (CIRP) against a specific Corporate Debtor due to payment default. The Tribunal established jurisdiction based on the Corporate Debtor's incorporation details. Following non-response from the Debtor despite notices, the petition was admitted, and CIRP was initiated. An Interim Resolution Professional (IRP) was appointed, and directives were issued for the CIRP process, ensuring compliance with legal requirements and effective resolution of the insolvency issue. Case-Laws Insolvency and Bankruptcy Wed, 16 Jun 2021 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=410476