https://www.taxtmi.com/caselaws?id=417510 The Tribunal admitted the Financial Creditor's application for initiating Corporate Insolvency Resolution Process (CIRP) against the Corporate Debtor due to default in payment amounting to Rs. 137,68,37,255.53. An Insolvency Resolution Professional (IRP) was appointed, and a moratorium was declared as per the Insolvency and Bankruptcy Code, 2016, to address the outstanding dues and financial distress. en-us Thu, 23 Dec 2021 00:00:00 +0530 Tue, 25 Jan 2022 08:45:15 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=417510 The Tribunal admitted the Financial Creditor's application for initiating Corporate Insolvency Resolution Process (CIRP) against the Corporate Debtor due to default in payment amounting to Rs. 137,68,37,255.53. An Insolvency Resolution Professional (IRP) was appointed, and a moratorium was declared as per the Insolvency and Bankruptcy Code, 2016, to address the outstanding dues and financial distress. Case-Laws Insolvency and Bankruptcy Thu, 23 Dec 2021 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=417510