https://www.taxtmi.com/caselaws?id=416857 The application under Section 7 of IBC, 2016 for initiating Corporate Insolvency Resolution Process (CIRP) against the Corporate Debtor was admitted by the Mumbai Bench of NCLT. The Tribunal declared a moratorium under Section 14 of IBC, prohibiting suits, asset transfers, and recovery actions against the Corporate Debtor. Mr. Saket Shantilal Jain was appointed as the Interim Resolution Professional, and the Financial Creditor was directed to deposit funds for public announcements and claims. en-us Fri, 07 Jan 2022 00:00:00 +0530 Mon, 10 Jan 2022 09:00:34 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=416857 The application under Section 7 of IBC, 2016 for initiating Corporate Insolvency Resolution Process (CIRP) against the Corporate Debtor was admitted by the Mumbai Bench of NCLT. The Tribunal declared a moratorium under Section 14 of IBC, prohibiting suits, asset transfers, and recovery actions against the Corporate Debtor. Mr. Saket Shantilal Jain was appointed as the Interim Resolution Professional, and the Financial Creditor was directed to deposit funds for public announcements and claims. Case-Laws Insolvency and Bankruptcy Fri, 07 Jan 2022 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=416857