https://www.taxtmi.com/caselaws?id=300119 The Tribunal admitted the application and initiated the Corporate Insolvency Resolution Process (CIRP) against the Corporate Debtor. An Interim Resolution Professional (IRP) was appointed, and a moratorium was declared in terms of Section 14 of IBC, 2016. The Operational Creditor was directed to deposit Rs. 2,00,000 to meet the immediate expenses of the IRP, which would be reimbursed by the Committee of Creditors (CoC) as CIR costs. en-us Fri, 12 Feb 2021 00:00:00 +0530 Thu, 13 Jan 2022 08:58:19 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=300119 The Tribunal admitted the application and initiated the Corporate Insolvency Resolution Process (CIRP) against the Corporate Debtor. An Interim Resolution Professional (IRP) was appointed, and a moratorium was declared in terms of Section 14 of IBC, 2016. The Operational Creditor was directed to deposit Rs. 2,00,000 to meet the immediate expenses of the IRP, which would be reimbursed by the Committee of Creditors (CoC) as CIR costs. Case-Laws Insolvency and Bankruptcy Fri, 12 Feb 2021 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=300119