https://www.taxtmi.com/caselaws?id=415239 The Adjudicating Authority admitted the Application for Corporate Insolvency Resolution Process (CIRP) against the Corporate Debtor, finding a financial debt and default. Following Supreme Court precedent, CIRP was initiated, appointing an Interim Resolution Professional (IRP). A moratorium was declared, directing continued essential services supply and cooperation from directors. The Financial Creditor was instructed to pay an advance fee to the IRP, with the Registry tasked for communication and compliance. en-us Wed, 10 Nov 2021 00:00:00 +0530 Wed, 01 Dec 2021 08:49:33 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=415239 The Adjudicating Authority admitted the Application for Corporate Insolvency Resolution Process (CIRP) against the Corporate Debtor, finding a financial debt and default. Following Supreme Court precedent, CIRP was initiated, appointing an Interim Resolution Professional (IRP). A moratorium was declared, directing continued essential services supply and cooperation from directors. The Financial Creditor was instructed to pay an advance fee to the IRP, with the Registry tasked for communication and compliance. Case-Laws Insolvency and Bankruptcy Wed, 10 Nov 2021 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=415239