https://www.taxtmi.com/caselaws?id=416200 The court admitted the petition under Section 7 of the Insolvency and Bankruptcy Code, 2016, for initiating Corporate Insolvency Resolution Process against the respondent. The default was established, and the application was deemed complete and timely filed. An Interim Resolution Professional was appointed, and a moratorium was declared, imposing restrictions. The petitioner was directed to deposit funds for expenses, and a Committee of Creditors was constituted. The Tribunal emphasized compliance with IBC provisions and timely communication for the resolution process. en-us Tue, 21 Dec 2021 00:00:00 +0530 Thu, 23 Dec 2021 12:09:37 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=416200 The court admitted the petition under Section 7 of the Insolvency and Bankruptcy Code, 2016, for initiating Corporate Insolvency Resolution Process against the respondent. The default was established, and the application was deemed complete and timely filed. An Interim Resolution Professional was appointed, and a moratorium was declared, imposing restrictions. The petitioner was directed to deposit funds for expenses, and a Committee of Creditors was constituted. The Tribunal emphasized compliance with IBC provisions and timely communication for the resolution process. Case-Laws Insolvency and Bankruptcy Tue, 21 Dec 2021 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=416200