https://www.taxtmi.com/caselaws?id=416251 The Adjudicating Authority admitted the application for Corporate Insolvency Resolution Process (CIRP) initiation under section 7 of the Insolvency and Bankruptcy Code. The Financial Creditor proved the default in repayment by presenting evidence of the loan confirmation agreement and dishonored cheques. Mr. Pawan Kumar Goyal was appointed as the Interim Resolution Professional (IRP), tasked with managing the Corporate Debtor and initiating the claims submission process. A moratorium was declared to protect the Corporate Debtor during the CIRP, with instructions for compliance with IBC provisions and cooperation from directors and associated persons. en-us Mon, 13 Dec 2021 00:00:00 +0530 Fri, 24 Dec 2021 08:46:36 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=416251 The Adjudicating Authority admitted the application for Corporate Insolvency Resolution Process (CIRP) initiation under section 7 of the Insolvency and Bankruptcy Code. The Financial Creditor proved the default in repayment by presenting evidence of the loan confirmation agreement and dishonored cheques. Mr. Pawan Kumar Goyal was appointed as the Interim Resolution Professional (IRP), tasked with managing the Corporate Debtor and initiating the claims submission process. A moratorium was declared to protect the Corporate Debtor during the CIRP, with instructions for compliance with IBC provisions and cooperation from directors and associated persons. Case-Laws Insolvency and Bankruptcy Mon, 13 Dec 2021 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=416251