https://www.taxtmi.com/caselaws?id=413941 The Tribunal admitted the petition and initiated the corporate insolvency resolution process against the Corporate Debtor under Section 9 of the Insolvency and Bankruptcy Code 2016. An Insolvency Resolution Professional (IRP) was appointed, and a moratorium was declared under Section 14 of the Code, restricting legal actions and asset transfers. The IRP was tasked with managing the affairs of the Corporate Debtor in compliance with the law, with instructions for communication of the order to relevant parties and updating the status of the Corporate Debtor by the Registrar of Companies. en-us Wed, 13 Oct 2021 00:00:00 +0530 Mon, 25 Oct 2021 09:17:47 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=413941 The Tribunal admitted the petition and initiated the corporate insolvency resolution process against the Corporate Debtor under Section 9 of the Insolvency and Bankruptcy Code 2016. An Insolvency Resolution Professional (IRP) was appointed, and a moratorium was declared under Section 14 of the Code, restricting legal actions and asset transfers. The IRP was tasked with managing the affairs of the Corporate Debtor in compliance with the law, with instructions for communication of the order to relevant parties and updating the status of the Corporate Debtor by the Registrar of Companies. Case-Laws Insolvency and Bankruptcy Wed, 13 Oct 2021 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=413941