https://www.taxtmi.com/caselaws?id=415521 The tribunal admitted the application under Section 9 of the Insolvency and Bankruptcy Code, 2016, and initiated the Corporate Insolvency Resolution Process (CIRP) against M/s. Set Sanayi Elektrik-Tesisat Taahut Ve Ticaret India Private Limited. An Interim Resolution Professional (IRP) was appointed, and a moratorium was declared under Section 14 of the IBC, 2016. The Corporate Debtor's admission of an undisputed debt triggered the CIRP despite objections raised. The tribunal directed the applicant to deposit funds for CIRP expenses, and the IRP was instructed to assume responsibilities promptly. en-us Tue, 30 Nov 2021 00:00:00 +0530 Wed, 08 Dec 2021 08:56:18 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=415521 The tribunal admitted the application under Section 9 of the Insolvency and Bankruptcy Code, 2016, and initiated the Corporate Insolvency Resolution Process (CIRP) against M/s. Set Sanayi Elektrik-Tesisat Taahut Ve Ticaret India Private Limited. An Interim Resolution Professional (IRP) was appointed, and a moratorium was declared under Section 14 of the IBC, 2016. The Corporate Debtor's admission of an undisputed debt triggered the CIRP despite objections raised. The tribunal directed the applicant to deposit funds for CIRP expenses, and the IRP was instructed to assume responsibilities promptly. Case-Laws Insolvency and Bankruptcy Tue, 30 Nov 2021 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=415521