https://www.taxtmi.com/caselaws?id=296721 The court granted the petition for the initiation of Corporate Insolvency Process against the Respondent company due to non-payment of outstanding dues amounting to Rs. 66,19,17,188. The Corporate Debtor admitted the outstanding liability, leading to the imposition of a moratorium under Section 14 of the Insolvency & Bankruptcy Code. An Insolvency Resolution Professional was appointed to oversee the resolution process, with the Operational Creditor instructed to deposit Rs. 2 Lakhs for immediate expenses. The case was scheduled for an interim report on 24th April 2019 to monitor progress. en-us Wed, 13 Mar 2019 00:00:00 +0530 Thu, 05 Aug 2021 08:43:17 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=296721 The court granted the petition for the initiation of Corporate Insolvency Process against the Respondent company due to non-payment of outstanding dues amounting to Rs. 66,19,17,188. The Corporate Debtor admitted the outstanding liability, leading to the imposition of a moratorium under Section 14 of the Insolvency & Bankruptcy Code. An Insolvency Resolution Professional was appointed to oversee the resolution process, with the Operational Creditor instructed to deposit Rs. 2 Lakhs for immediate expenses. The case was scheduled for an interim report on 24th April 2019 to monitor progress. Case-Laws Insolvency and Bankruptcy Wed, 13 Mar 2019 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=296721