https://www.taxtmi.com/caselaws?id=411182 The Tribunal admitted the petition as the debt and default were established and within the limitation period. Consequently, Corporate Insolvency Resolution Process (CIRP) was ordered against Kasata Hometech (India) Private Limited. Mr. Jugraj Bedi was appointed as the Interim Resolution Professional (IRP), and the Financial Creditor was directed to deposit Rs. 5 Lakh towards the initial CIRP cost. Various orders were issued, including prohibiting suits against the Corporate Debtor, maintaining the supply of essential goods/services, and vesting management in the IRP/RP during the CIRP period. en-us Wed, 11 Aug 2021 00:00:00 +0530 Thu, 19 Aug 2021 04:50:55 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=411182 The Tribunal admitted the petition as the debt and default were established and within the limitation period. Consequently, Corporate Insolvency Resolution Process (CIRP) was ordered against Kasata Hometech (India) Private Limited. Mr. Jugraj Bedi was appointed as the Interim Resolution Professional (IRP), and the Financial Creditor was directed to deposit Rs. 5 Lakh towards the initial CIRP cost. Various orders were issued, including prohibiting suits against the Corporate Debtor, maintaining the supply of essential goods/services, and vesting management in the IRP/RP during the CIRP period. Case-Laws Insolvency and Bankruptcy Wed, 11 Aug 2021 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=411182