https://www.taxtmi.com/caselaws?id=414183 The Tribunal admitted the Petition filed by the Operational Creditor under section 9 of the Insolvency and Bankruptcy Code, 2016, against the Corporate Debtor for unpaid operational debts. Consequently, Corporate Insolvency Resolution Process (CIRP) was initiated, appointing an Interim Resolution Professional to manage the Corporate Debtor. Financial arrangements were established, including the requirement for the Operational Creditor to deposit funds for expenses. The Order dated 8th October 2021 outlined directives for compliance and communication protocols during the CIRP period, imposing a moratorium under section 14 of the IBC. en-us Fri, 08 Oct 2021 00:00:00 +0530 Sat, 30 Oct 2021 08:06:54 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=414183 The Tribunal admitted the Petition filed by the Operational Creditor under section 9 of the Insolvency and Bankruptcy Code, 2016, against the Corporate Debtor for unpaid operational debts. Consequently, Corporate Insolvency Resolution Process (CIRP) was initiated, appointing an Interim Resolution Professional to manage the Corporate Debtor. Financial arrangements were established, including the requirement for the Operational Creditor to deposit funds for expenses. The Order dated 8th October 2021 outlined directives for compliance and communication protocols during the CIRP period, imposing a moratorium under section 14 of the IBC. Case-Laws Insolvency and Bankruptcy Fri, 08 Oct 2021 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=414183