https://www.taxtmi.com/caselaws?id=410531 The Tribunal initiated the Corporate Insolvency Resolution Process under Section 7 of the Insolvency and Bankruptcy Code, 2016 against the Corporate Debtor due to default in repayment of financial debt. The Corporate Debtor admitted liability, citing financial constraints from poor business performance and COVID-19 impact. An Interim Resolution Professional was appointed to manage the process, and the Tribunal imposed a moratorium and prohibitions. The Financial Creditor was directed to deposit a specified amount with the IRP. en-us Wed, 28 Jul 2021 00:00:00 +0530 Wed, 04 Aug 2021 08:34:44 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=410531 The Tribunal initiated the Corporate Insolvency Resolution Process under Section 7 of the Insolvency and Bankruptcy Code, 2016 against the Corporate Debtor due to default in repayment of financial debt. The Corporate Debtor admitted liability, citing financial constraints from poor business performance and COVID-19 impact. An Interim Resolution Professional was appointed to manage the process, and the Tribunal imposed a moratorium and prohibitions. The Financial Creditor was directed to deposit a specified amount with the IRP. Case-Laws Insolvency and Bankruptcy Wed, 28 Jul 2021 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=410531