https://www.taxtmi.com/caselaws?id=414689 The petition filed by M/s. Silcotex Silicones Private Limited against Cubatics Industries Private Limited under Section 9 of the Insolvency and Bankruptcy Code, 2016 was allowed. The Corporate Debtor failed to pay dues amounting to Rs. 39,87,345.74, leading to the initiation of the Corporate Insolvency Resolution Process (CIRP). The tribunal appointed an Interim Resolution Professional, imposed a moratorium, and outlined directives for managing the Corporate Debtor during the CIRP. en-us Fri, 29 Oct 2021 00:00:00 +0530 Fri, 12 Nov 2021 10:04:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=414689 The petition filed by M/s. Silcotex Silicones Private Limited against Cubatics Industries Private Limited under Section 9 of the Insolvency and Bankruptcy Code, 2016 was allowed. The Corporate Debtor failed to pay dues amounting to Rs. 39,87,345.74, leading to the initiation of the Corporate Insolvency Resolution Process (CIRP). The tribunal appointed an Interim Resolution Professional, imposed a moratorium, and outlined directives for managing the Corporate Debtor during the CIRP. Case-Laws Insolvency and Bankruptcy Fri, 29 Oct 2021 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=414689