https://www.taxtmi.com/caselaws?id=297146 The court admitted the Company Petition filed by Om Traders against SARU Agro Foods Limited for defaulting on a payment, triggering the Corporate Insolvency Resolution Process. Evidence supported the default claim under the Insolvency & Bankruptcy Code, leading to the appointment of an Interim Resolution Professional and declaration of Moratorium to safeguard stakeholders' interests. The judgment emphasized adherence to the Code's provisions for a smooth insolvency resolution process. en-us Thu, 14 Nov 2019 00:00:00 +0530 Sat, 21 Aug 2021 08:31:38 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=297146 The court admitted the Company Petition filed by Om Traders against SARU Agro Foods Limited for defaulting on a payment, triggering the Corporate Insolvency Resolution Process. Evidence supported the default claim under the Insolvency & Bankruptcy Code, leading to the appointment of an Interim Resolution Professional and declaration of Moratorium to safeguard stakeholders' interests. The judgment emphasized adherence to the Code's provisions for a smooth insolvency resolution process. Case-Laws Insolvency and Bankruptcy Thu, 14 Nov 2019 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=297146