https://www.taxtmi.com/caselaws?id=300860 The Tribunal admitted the petition to initiate Corporate Insolvency Resolution Process against the Corporate Debtor, finding the Memorandum of Agreement valid. It dismissed the claim of a pre-existing dispute and determined the Corporate Debtor's financial insolvency. Mr. Kanekal Chandrashekhar was appointed as the Interim Resolution Professional, and a moratorium was declared. Progress reports were ordered, and cooperation from the Corporate Debtor's Board of Directors was mandated, with the next hearing scheduled for 18th May 2021. en-us Fri, 16 Apr 2021 00:00:00 +0530 Mon, 28 Feb 2022 20:23:17 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=300860 The Tribunal admitted the petition to initiate Corporate Insolvency Resolution Process against the Corporate Debtor, finding the Memorandum of Agreement valid. It dismissed the claim of a pre-existing dispute and determined the Corporate Debtor's financial insolvency. Mr. Kanekal Chandrashekhar was appointed as the Interim Resolution Professional, and a moratorium was declared. Progress reports were ordered, and cooperation from the Corporate Debtor's Board of Directors was mandated, with the next hearing scheduled for 18th May 2021. Case-Laws Insolvency and Bankruptcy Fri, 16 Apr 2021 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=300860