https://www.taxtmi.com/caselaws?id=298634 The Tribunal admitted the petition for initiating Corporate Insolvency Resolution Process (CIRP) against the Corporate Debtor, appointed an Interim Resolution Professional (IRP), and declared a moratorium. The Tribunal found the debt and default were established, dismissed the Corporate Debtor's defenses as unsubstantiated, and emphasized the mandatory nature of initiating CIRP once debt and default are proven under Section 9 of the Insolvency and Bankruptcy Code. en-us Wed, 27 Nov 2019 00:00:00 +0530 Sat, 13 Nov 2021 20:27:34 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=298634 The Tribunal admitted the petition for initiating Corporate Insolvency Resolution Process (CIRP) against the Corporate Debtor, appointed an Interim Resolution Professional (IRP), and declared a moratorium. The Tribunal found the debt and default were established, dismissed the Corporate Debtor's defenses as unsubstantiated, and emphasized the mandatory nature of initiating CIRP once debt and default are proven under Section 9 of the Insolvency and Bankruptcy Code. Case-Laws Insolvency and Bankruptcy Wed, 27 Nov 2019 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=298634