https://www.taxtmi.com/caselaws?id=416644 The Tribunal admitted the Application under Section 9(5) of the Insolvency & Bankruptcy Code, 2016, appointing an Interim Resolution Professional and imposing a moratorium on the Corporate Debtor under Section 14(1). The Operational Creditor substantiated the operational debt and default, leading to the initiation of Corporate Insolvency Resolution Process. The moratorium restricts actions related to the Debtor's assets and legal proceedings, with essential supplies continuing. The duration of the moratorium was specified, and the Operational Creditor was directed to pay expenses to the Interim Resolution Professional. en-us Tue, 14 Dec 2021 00:00:00 +0530 Tue, 04 Jan 2022 07:23:14 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=416644 The Tribunal admitted the Application under Section 9(5) of the Insolvency & Bankruptcy Code, 2016, appointing an Interim Resolution Professional and imposing a moratorium on the Corporate Debtor under Section 14(1). The Operational Creditor substantiated the operational debt and default, leading to the initiation of Corporate Insolvency Resolution Process. The moratorium restricts actions related to the Debtor's assets and legal proceedings, with essential supplies continuing. The duration of the moratorium was specified, and the Operational Creditor was directed to pay expenses to the Interim Resolution Professional. Case-Laws Insolvency and Bankruptcy Tue, 14 Dec 2021 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=416644