https://www.taxtmi.com/caselaws?id=414822 The Tribunal admitted the Company Petition under Section 7 of the Insolvency and Bankruptcy Code, initiating Corporate Insolvency Resolution Process against the Corporate Debtor. The Financial Creditor's claim was unchallenged, with the Tribunal finding the debt valid and within the limitation period. Orders included appointing an Interim Resolution Professional, depositing CIRP costs, imposing legal action restrictions, ensuring essential supplies, declaring a moratorium, and outlining IRP/RP responsibilities and public announcement requirements. The Corporate Debtor's failure to respond led to the admission of the petition and issuance of necessary orders for the CIRP process. en-us Wed, 06 Oct 2021 00:00:00 +0530 Thu, 18 Nov 2021 07:19:28 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=414822 The Tribunal admitted the Company Petition under Section 7 of the Insolvency and Bankruptcy Code, initiating Corporate Insolvency Resolution Process against the Corporate Debtor. The Financial Creditor's claim was unchallenged, with the Tribunal finding the debt valid and within the limitation period. Orders included appointing an Interim Resolution Professional, depositing CIRP costs, imposing legal action restrictions, ensuring essential supplies, declaring a moratorium, and outlining IRP/RP responsibilities and public announcement requirements. The Corporate Debtor's failure to respond led to the admission of the petition and issuance of necessary orders for the CIRP process. Case-Laws Insolvency and Bankruptcy Wed, 06 Oct 2021 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=414822