https://www.taxtmi.com/caselaws?id=415575 The Tribunal admitted the Operational Creditor's petition under Section 9(5) of the IBC, 2016, initiating the Corporate Insolvency Resolution Process against the Corporate Debtor, a Private Limited Company. An Interim Resolution Professional was appointed, enforcing a moratorium period to restrict actions against the Corporate Debtor. The moratorium specified prohibited actions, protected essential supplies, and linked its duration to the resolution process completion. The Operational Creditor was directed to pay expenses to the Interim Resolution Professional. en-us Fri, 26 Nov 2021 00:00:00 +0530 Thu, 09 Dec 2021 08:35:33 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=415575 The Tribunal admitted the Operational Creditor's petition under Section 9(5) of the IBC, 2016, initiating the Corporate Insolvency Resolution Process against the Corporate Debtor, a Private Limited Company. An Interim Resolution Professional was appointed, enforcing a moratorium period to restrict actions against the Corporate Debtor. The moratorium specified prohibited actions, protected essential supplies, and linked its duration to the resolution process completion. The Operational Creditor was directed to pay expenses to the Interim Resolution Professional. Case-Laws Insolvency and Bankruptcy Fri, 26 Nov 2021 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=415575