https://www.taxtmi.com/caselaws?id=416994 The Tribunal admitted the petition, initiating the Corporate Insolvency Resolution Process for the Corporate Debtor. A moratorium was declared, appointing an Interim Resolution Professional to manage the debtor's affairs, prepare asset inventories, and convene the Committee of Creditors. The petitioner was directed to deposit funds for CIRP expenses. The decision suspended legal actions against the debtor, as the liability was deemed undisputed due to non-payment by the corporate debtor, meeting the conditions under Section 9 of the Insolvency and Bankruptcy Code. en-us Fri, 07 Jan 2022 00:00:00 +0530 Thu, 13 Jan 2022 08:59:28 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=416994 The Tribunal admitted the petition, initiating the Corporate Insolvency Resolution Process for the Corporate Debtor. A moratorium was declared, appointing an Interim Resolution Professional to manage the debtor's affairs, prepare asset inventories, and convene the Committee of Creditors. The petitioner was directed to deposit funds for CIRP expenses. The decision suspended legal actions against the debtor, as the liability was deemed undisputed due to non-payment by the corporate debtor, meeting the conditions under Section 9 of the Insolvency and Bankruptcy Code. Case-Laws Insolvency and Bankruptcy Fri, 07 Jan 2022 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=416994