https://www.taxtmi.com/caselaws?id=296946 The Tribunal admitted the Financial Creditor's application under Section 7 of the Insolvency and Bankruptcy Code, 2016, against the Corporate Debtor, a real estate company, for defaulting on financial debt owed to the Creditor. The Corporate Debtor failed to appear, leading to an ex-parte proceeding. Following a NCLAT judgment, the Tribunal ordered the restoration of the Corporate Debtor's name in the Register of RoC. An Interim Resolution Professional was appointed, a moratorium under Section 14 of the Code was declared, and specific exceptions to the moratorium were outlined. Cooperation and adherence to legal obligations were stressed for effective resolution of the Corporate Debtor's insolvency. en-us Tue, 17 Sep 2019 00:00:00 +0530 Thu, 12 Aug 2021 21:22:10 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=296946 The Tribunal admitted the Financial Creditor's application under Section 7 of the Insolvency and Bankruptcy Code, 2016, against the Corporate Debtor, a real estate company, for defaulting on financial debt owed to the Creditor. The Corporate Debtor failed to appear, leading to an ex-parte proceeding. Following a NCLAT judgment, the Tribunal ordered the restoration of the Corporate Debtor's name in the Register of RoC. An Interim Resolution Professional was appointed, a moratorium under Section 14 of the Code was declared, and specific exceptions to the moratorium were outlined. Cooperation and adherence to legal obligations were stressed for effective resolution of the Corporate Debtor's insolvency. Case-Laws Insolvency and Bankruptcy Tue, 17 Sep 2019 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=296946