https://www.taxtmi.com/caselaws?id=413131 The Tribunal admitted the Operational Creditor's application for Corporate Insolvency Resolution Process against the Corporate Debtor, finding established debt and default. The CD's acknowledgment of the demand notice but failure to pay led to the initiation of CIRP. An Interim Resolution Professional was appointed, and a moratorium declared under the Insolvency and Bankruptcy Code, with directions for the IRP's actions and fee payment by the OC, ensuring compliance with the IBC for effective insolvency resolution. en-us Fri, 24 Sep 2021 00:00:00 +0530 Tue, 05 Oct 2021 08:43:07 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=413131 The Tribunal admitted the Operational Creditor's application for Corporate Insolvency Resolution Process against the Corporate Debtor, finding established debt and default. The CD's acknowledgment of the demand notice but failure to pay led to the initiation of CIRP. An Interim Resolution Professional was appointed, and a moratorium declared under the Insolvency and Bankruptcy Code, with directions for the IRP's actions and fee payment by the OC, ensuring compliance with the IBC for effective insolvency resolution. Case-Laws Insolvency and Bankruptcy Fri, 24 Sep 2021 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=413131