https://www.taxtmi.com/caselaws?id=411279 The Tribunal admitted the Company Petition under Section 9 of the Insolvency and Bankruptcy Code, 2016, filed by M/s Totale Global Pvt. Ltd. against Gopinath Engineering Co. Pvt. Ltd. for non-payment of Rs. 41,30,000. The Corporate Debtor did not oppose the petition, and the Operational Creditor met all requirements for admission. An Interim Resolution Professional was appointed, and a moratorium was declared, with management vested in the IRP/RP. The decision aimed to protect the parties' interests and ensure a smooth insolvency resolution process. en-us Tue, 10 Aug 2021 00:00:00 +0530 Sat, 21 Aug 2021 08:32:38 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=411279 The Tribunal admitted the Company Petition under Section 9 of the Insolvency and Bankruptcy Code, 2016, filed by M/s Totale Global Pvt. Ltd. against Gopinath Engineering Co. Pvt. Ltd. for non-payment of Rs. 41,30,000. The Corporate Debtor did not oppose the petition, and the Operational Creditor met all requirements for admission. An Interim Resolution Professional was appointed, and a moratorium was declared, with management vested in the IRP/RP. The decision aimed to protect the parties' interests and ensure a smooth insolvency resolution process. Case-Laws Insolvency and Bankruptcy Tue, 10 Aug 2021 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=411279