https://www.taxtmi.com/caselaws?id=416642 The Tribunal admitted the application under Section 9 of the Insolvency and Bankruptcy Code, 2016, for initiation of Corporate Insolvency Resolution Process against the Corporate Debtor. The Corporate Debtor admitted to owing a portion of the claimed debt to the Operational Creditor, leading to the acceptance of the claim by the Tribunal. A moratorium was declared under Section 14(1) of the Code, appointing an Interim Resolution Professional to manage the Corporate Debtor's operations and assets. The IRP was tasked with conducting the CIRP smoothly, calling for claim submissions, and ensuring uninterrupted supply of goods/services to the Corporate Debtor during the moratorium. en-us Wed, 08 Dec 2021 00:00:00 +0530 Tue, 04 Jan 2022 07:23:07 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=416642 The Tribunal admitted the application under Section 9 of the Insolvency and Bankruptcy Code, 2016, for initiation of Corporate Insolvency Resolution Process against the Corporate Debtor. The Corporate Debtor admitted to owing a portion of the claimed debt to the Operational Creditor, leading to the acceptance of the claim by the Tribunal. A moratorium was declared under Section 14(1) of the Code, appointing an Interim Resolution Professional to manage the Corporate Debtor's operations and assets. The IRP was tasked with conducting the CIRP smoothly, calling for claim submissions, and ensuring uninterrupted supply of goods/services to the Corporate Debtor during the moratorium. Case-Laws Insolvency and Bankruptcy Wed, 08 Dec 2021 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=416642