https://www.taxtmi.com/caselaws?id=301081 The Tribunal admitted the petition under Section 7 of the IBC, initiating CIRP against the Corporate Debtor. It ordered a moratorium under Section 14 of the IBC, appointed an Interim Resolution Professional (IRP), and directed the Financial Creditor to deposit Rs. 2,00,000/- for CIRP expenses. The Tribunal emphasized that the debt and default were clearly established, and there was no valid reason to deny the petition. en-us Fri, 29 Oct 2021 00:00:00 +0530 Fri, 11 Mar 2022 07:58:33 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=301081 The Tribunal admitted the petition under Section 7 of the IBC, initiating CIRP against the Corporate Debtor. It ordered a moratorium under Section 14 of the IBC, appointed an Interim Resolution Professional (IRP), and directed the Financial Creditor to deposit Rs. 2,00,000/- for CIRP expenses. The Tribunal emphasized that the debt and default were clearly established, and there was no valid reason to deny the petition. Case-Laws Insolvency and Bankruptcy Fri, 29 Oct 2021 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=301081