https://www.taxtmi.com/caselaws?id=412147 The Adjudicating Authority admitted the petition filed by a Financial Creditor against a Corporate Debtor under Section 7 of the Insolvency and Bankruptcy Code, 2016. The Corporate Debtor's default in repaying a loan led to the petition seeking initiation of the Corporate Insolvency Resolution Process (CIRP). Despite the Corporate Debtor citing financial difficulties exacerbated by the pandemic, the Authority found the debt proven and granted a moratorium under Section 14 of the Code. Specific directions were issued to protect all parties involved, including appointing an Interim Resolution Professional and ensuring essential services during the moratorium period. en-us Thu, 05 Aug 2021 00:00:00 +0530 Sat, 11 Sep 2021 09:55:54 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=412147 The Adjudicating Authority admitted the petition filed by a Financial Creditor against a Corporate Debtor under Section 7 of the Insolvency and Bankruptcy Code, 2016. The Corporate Debtor's default in repaying a loan led to the petition seeking initiation of the Corporate Insolvency Resolution Process (CIRP). Despite the Corporate Debtor citing financial difficulties exacerbated by the pandemic, the Authority found the debt proven and granted a moratorium under Section 14 of the Code. Specific directions were issued to protect all parties involved, including appointing an Interim Resolution Professional and ensuring essential services during the moratorium period. Case-Laws Insolvency and Bankruptcy Thu, 05 Aug 2021 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=412147