https://www.taxtmi.com/caselaws?id=418313 The Tribunal admitted the Petition under Section 7 of the Insolvency and Bankruptcy Code, 2016, initiating the Corporate Insolvency Resolution Process against the Corporate Debtor due to default in payment of financial debt. An Interim Resolution Professional was appointed to oversee the proceedings, with instructions to convene the Committee of Creditors promptly. The Tribunal's decision to declare a moratorium under Section 14 of the Code imposed restrictions on actions against the Corporate Debtor, facilitating the resolution process in compliance with the statutory framework. en-us Tue, 01 Feb 2022 00:00:00 +0530 Mon, 14 Feb 2022 07:18:47 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=418313 The Tribunal admitted the Petition under Section 7 of the Insolvency and Bankruptcy Code, 2016, initiating the Corporate Insolvency Resolution Process against the Corporate Debtor due to default in payment of financial debt. An Interim Resolution Professional was appointed to oversee the proceedings, with instructions to convene the Committee of Creditors promptly. The Tribunal's decision to declare a moratorium under Section 14 of the Code imposed restrictions on actions against the Corporate Debtor, facilitating the resolution process in compliance with the statutory framework. Case-Laws Insolvency and Bankruptcy Tue, 01 Feb 2022 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=418313