https://www.taxtmi.com/caselaws?id=297352 The Tribunal admitted the Operational Creditor's application under section 9 of the Insolvency and Bankruptcy Code, 2016, against the Corporate Debtor for non-payment, declaring a moratorium and initiating the Corporate Resolution Process. An Interim Resolution Professional was appointed to manage the process, with directions to conduct the Corporate Insolvency Resolution Process within the prescribed timeline, convene a meeting of creditors, and identify a resolution applicant. The moratorium prohibited suits against the Corporate Debtor, asset transfer, and enforced the supply of essential goods/services. en-us Wed, 12 Aug 2020 00:00:00 +0530 Sat, 28 Aug 2021 17:35:11 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=297352 The Tribunal admitted the Operational Creditor's application under section 9 of the Insolvency and Bankruptcy Code, 2016, against the Corporate Debtor for non-payment, declaring a moratorium and initiating the Corporate Resolution Process. An Interim Resolution Professional was appointed to manage the process, with directions to conduct the Corporate Insolvency Resolution Process within the prescribed timeline, convene a meeting of creditors, and identify a resolution applicant. The moratorium prohibited suits against the Corporate Debtor, asset transfer, and enforced the supply of essential goods/services. Case-Laws Insolvency and Bankruptcy Wed, 12 Aug 2020 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=297352