https://www.taxtmi.com/caselaws?id=414690 The Tribunal admitted the petition under Section 7 of the Insolvency and Bankruptcy Code due to the Corporate Debtor's default in loan repayment. An Interim Resolution Professional was appointed to oversee the insolvency resolution process, and a moratorium under Section 14 of the Code was implemented. The IRP was instructed to fulfill duties outlined in the Code to progress the Corporate Insolvency Resolution Process efficiently. The decision aimed to address the default and facilitate resolution between the Financial Creditor and the Corporate Debtor. en-us Mon, 01 Nov 2021 00:00:00 +0530 Mon, 15 Nov 2021 09:08:29 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=414690 The Tribunal admitted the petition under Section 7 of the Insolvency and Bankruptcy Code due to the Corporate Debtor's default in loan repayment. An Interim Resolution Professional was appointed to oversee the insolvency resolution process, and a moratorium under Section 14 of the Code was implemented. The IRP was instructed to fulfill duties outlined in the Code to progress the Corporate Insolvency Resolution Process efficiently. The decision aimed to address the default and facilitate resolution between the Financial Creditor and the Corporate Debtor. Case-Laws Insolvency and Bankruptcy Mon, 01 Nov 2021 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=414690