https://www.taxtmi.com/caselaws?id=414027 The Company petition was admitted, and an Interim Resolution Professional was appointed to oversee the Corporate Insolvency Resolution Process (CIRP) against the Corporate Debtor. The Operational Creditor's claim was deemed valid due to the established debt and default situation, as the Corporate Debtor failed to respond to demand notices and file a reply. The Court found no grounds to reject the Company Petition, leading to its admission and the subsequent appointment of the Interim Resolution Professional to manage the CIRP process. en-us Fri, 08 Oct 2021 00:00:00 +0530 Wed, 27 Oct 2021 09:19:29 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=414027 The Company petition was admitted, and an Interim Resolution Professional was appointed to oversee the Corporate Insolvency Resolution Process (CIRP) against the Corporate Debtor. The Operational Creditor's claim was deemed valid due to the established debt and default situation, as the Corporate Debtor failed to respond to demand notices and file a reply. The Court found no grounds to reject the Company Petition, leading to its admission and the subsequent appointment of the Interim Resolution Professional to manage the CIRP process. Case-Laws Insolvency and Bankruptcy Fri, 08 Oct 2021 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=414027