https://www.taxtmi.com/caselaws?id=413485 The Tribunal admitted the Company Petition and initiated Corporate Insolvency Resolution Process (CIRP) against the Corporate Debtor. The decision was based on the established debt, the Corporate Debtor's admission of liability, and failure to make timely payments despite assurances. Various orders were issued, including appointing an Interim Resolution Professional (IRP), imposing a moratorium on legal actions, and managing the Corporate Debtor during the CIRP period. The judgment aimed to effectively resolve insolvency and protect stakeholders' interests. en-us Wed, 04 Aug 2021 00:00:00 +0530 Wed, 13 Oct 2021 08:42:49 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=413485 The Tribunal admitted the Company Petition and initiated Corporate Insolvency Resolution Process (CIRP) against the Corporate Debtor. The decision was based on the established debt, the Corporate Debtor's admission of liability, and failure to make timely payments despite assurances. Various orders were issued, including appointing an Interim Resolution Professional (IRP), imposing a moratorium on legal actions, and managing the Corporate Debtor during the CIRP period. The judgment aimed to effectively resolve insolvency and protect stakeholders' interests. Case-Laws Insolvency and Bankruptcy Wed, 04 Aug 2021 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=413485