https://www.taxtmi.com/caselaws?id=419369 The Tribunal admitted the Operational Creditor's application for initiation of Corporate Insolvency Resolution Process (CIRP) against the Corporate Debtor based on the established default in payment for printing inks supplied. An Insolvency Resolution Professional (IRP) was appointed, and the Operational Creditor was directed to deposit funds for expenses. A moratorium was imposed on the Corporate Debtor, with necessary provisions coming into effect. The Registry was instructed to notify relevant parties, and compliance measures were outlined for the Operational Creditor and Registrar of NCLT. en-us Mon, 21 Feb 2022 00:00:00 +0530 Thu, 10 Mar 2022 08:18:03 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=419369 The Tribunal admitted the Operational Creditor's application for initiation of Corporate Insolvency Resolution Process (CIRP) against the Corporate Debtor based on the established default in payment for printing inks supplied. An Insolvency Resolution Professional (IRP) was appointed, and the Operational Creditor was directed to deposit funds for expenses. A moratorium was imposed on the Corporate Debtor, with necessary provisions coming into effect. The Registry was instructed to notify relevant parties, and compliance measures were outlined for the Operational Creditor and Registrar of NCLT. Case-Laws Insolvency and Bankruptcy Mon, 21 Feb 2022 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=419369