https://www.taxtmi.com/caselaws?id=299109 The Tribunal admitted the Company Petition for initiation of Corporate Insolvency Resolution Process against the Corporate Debtor based on default in repayment. A moratorium was declared, prohibiting certain actions against the Corporate Debtor, and an Interim Resolution Professional was appointed. The Tribunal issued detailed directions regarding the moratorium, appointment of the Interim Resolution Professional, and compliance with IBBI regulations. The judgment emphasized the default in repayment as the reason for initiating the CIRP and outlined the legal procedures to be followed during the resolution process. en-us Wed, 27 Mar 2019 00:00:00 +0530 Fri, 03 Dec 2021 18:39:42 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=299109 The Tribunal admitted the Company Petition for initiation of Corporate Insolvency Resolution Process against the Corporate Debtor based on default in repayment. A moratorium was declared, prohibiting certain actions against the Corporate Debtor, and an Interim Resolution Professional was appointed. The Tribunal issued detailed directions regarding the moratorium, appointment of the Interim Resolution Professional, and compliance with IBBI regulations. The judgment emphasized the default in repayment as the reason for initiating the CIRP and outlined the legal procedures to be followed during the resolution process. Case-Laws Insolvency and Bankruptcy Wed, 27 Mar 2019 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=299109