https://www.taxtmi.com/caselaws?id=411476 The Tribunal admitted the application for the initiation of Corporate Insolvency and Resolution Process under Section 9 of the Insolvency and Bankruptcy Code, 2016. A moratorium was imposed on the Corporate Debtor to protect the interests of the parties involved. The Corporate Debtor's default was established, leading to the appointment of an Interim Resolution Professional to oversee the process. The Tribunal superseded the powers of the Board of Directors of the Corporate Debtor, aiming to resolve the debt issue within the framework of the Code. en-us Mon, 09 Aug 2021 00:00:00 +0530 Thu, 26 Aug 2021 08:49:06 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=411476 The Tribunal admitted the application for the initiation of Corporate Insolvency and Resolution Process under Section 9 of the Insolvency and Bankruptcy Code, 2016. A moratorium was imposed on the Corporate Debtor to protect the interests of the parties involved. The Corporate Debtor's default was established, leading to the appointment of an Interim Resolution Professional to oversee the process. The Tribunal superseded the powers of the Board of Directors of the Corporate Debtor, aiming to resolve the debt issue within the framework of the Code. Case-Laws Insolvency and Bankruptcy Mon, 09 Aug 2021 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=411476