https://www.taxtmi.com/caselaws?id=413764 The Tribunal admitted the Petition, ordering the initiation of Corporate Insolvency Resolution Process (CIRP) against the Corporate Debtor. An Interim Resolution Professional (IRP) was appointed, with the Petitioner directed to deposit Rs. 5,00,000/- towards initial CIRP costs. A moratorium was imposed, prohibiting suits, asset transfers, and other actions against the Corporate Debtor, ensuring the supply of essential goods and services continued. Management of the Corporate Debtor was vested in the IRP, with the Tribunal instructing the Registry to update the Corporate Debtor's Master Data and communicate the order to all parties involved. en-us Mon, 02 Aug 2021 00:00:00 +0530 Wed, 20 Oct 2021 09:11:13 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=413764 The Tribunal admitted the Petition, ordering the initiation of Corporate Insolvency Resolution Process (CIRP) against the Corporate Debtor. An Interim Resolution Professional (IRP) was appointed, with the Petitioner directed to deposit Rs. 5,00,000/- towards initial CIRP costs. A moratorium was imposed, prohibiting suits, asset transfers, and other actions against the Corporate Debtor, ensuring the supply of essential goods and services continued. Management of the Corporate Debtor was vested in the IRP, with the Tribunal instructing the Registry to update the Corporate Debtor's Master Data and communicate the order to all parties involved. Case-Laws Insolvency and Bankruptcy Mon, 02 Aug 2021 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=413764