https://www.taxtmi.com/caselaws?id=296948 The Tribunal admitted the petition under Section 8 of the Insolvency and Bankruptcy Code, 2016, based on a default in payment by the Corporate Debtor. The Corporate Insolvency Resolution Process (CIRP) was initiated due to the default, with an appointed Interim Resolution Professional (IRP) tasked with statutory responsibilities. A moratorium under Section 14 of the IBC was implemented, halting actions against the Corporate Debtor. The moratorium was to remain in effect until the completion of the CIRP, subject to approval of a resolution plan or liquidation order by the Adjudicating Authority. en-us Fri, 24 Jan 2020 00:00:00 +0530 Thu, 12 Aug 2021 21:22:10 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=296948 The Tribunal admitted the petition under Section 8 of the Insolvency and Bankruptcy Code, 2016, based on a default in payment by the Corporate Debtor. The Corporate Insolvency Resolution Process (CIRP) was initiated due to the default, with an appointed Interim Resolution Professional (IRP) tasked with statutory responsibilities. A moratorium under Section 14 of the IBC was implemented, halting actions against the Corporate Debtor. The moratorium was to remain in effect until the completion of the CIRP, subject to approval of a resolution plan or liquidation order by the Adjudicating Authority. Case-Laws Companies Law Fri, 24 Jan 2020 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=296948