https://www.taxtmi.com/caselaws?id=411411 The Tribunal admitted the application under Section 9 of the Insolvency & Bankruptcy Code, 2016, declaring a moratorium and appointing an Interim Resolution Professional. The Corporate Debtor's financial distress and non-payment of invoices led to the initiation of Corporate Insolvency Resolution Process. The IRP is tasked with convening a meeting of the Committee of Creditors and submitting a resolution plan within 105 days. The Operational Creditor was directed to deposit a specified amount with the IRP. The matter is scheduled for a progress report on 01.11.2021. en-us Fri, 13 Aug 2021 00:00:00 +0530 Wed, 25 Aug 2021 09:08:57 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=411411 The Tribunal admitted the application under Section 9 of the Insolvency & Bankruptcy Code, 2016, declaring a moratorium and appointing an Interim Resolution Professional. The Corporate Debtor's financial distress and non-payment of invoices led to the initiation of Corporate Insolvency Resolution Process. The IRP is tasked with convening a meeting of the Committee of Creditors and submitting a resolution plan within 105 days. The Operational Creditor was directed to deposit a specified amount with the IRP. The matter is scheduled for a progress report on 01.11.2021. Case-Laws Insolvency and Bankruptcy Fri, 13 Aug 2021 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=411411