https://www.taxtmi.com/caselaws?id=419196 The Tribunal dismissed the application seeking rejection of the main Insolvency and Bankruptcy petition, finding it lacked merit. The main petition was admitted as the financial creditor demonstrated the existence of financial debt and default by the Corporate Debtor. An Interim Resolution Professional was appointed, and a moratorium was declared under Section 14 of the Insolvency and Bankruptcy Code. The Tribunal directed the IRP to carry out his duties as per the Code and informed relevant parties of the decision. en-us Tue, 22 Feb 2022 00:00:00 +0530 Sat, 05 Mar 2022 07:58:21 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=419196 The Tribunal dismissed the application seeking rejection of the main Insolvency and Bankruptcy petition, finding it lacked merit. The main petition was admitted as the financial creditor demonstrated the existence of financial debt and default by the Corporate Debtor. An Interim Resolution Professional was appointed, and a moratorium was declared under Section 14 of the Insolvency and Bankruptcy Code. The Tribunal directed the IRP to carry out his duties as per the Code and informed relevant parties of the decision. Case-Laws Insolvency and Bankruptcy Tue, 22 Feb 2022 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=419196