https://www.taxtmi.com/caselaws?id=419559 The National Company Law Tribunal, Hyderabad Bench admitted the Company Application for initiating Corporate Insolvency Resolution Process against the Corporate Debtor. The Adjudicating Authority found all requirements under the Insolvency and Bankruptcy Code, 2016 fulfilled, leading to the appointment of an Interim Resolution Professional. A moratorium was declared, directing compliance with the Code and providing operational directives. The Directors and Promoters were instructed to assist the IRP, with communication of the order to relevant parties for compliance. The Respondent's non-appearance resulted in an ex-parte disposal of the application. en-us Tue, 01 Mar 2022 00:00:00 +0530 Tue, 15 Mar 2022 08:26:05 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=419559 The National Company Law Tribunal, Hyderabad Bench admitted the Company Application for initiating Corporate Insolvency Resolution Process against the Corporate Debtor. The Adjudicating Authority found all requirements under the Insolvency and Bankruptcy Code, 2016 fulfilled, leading to the appointment of an Interim Resolution Professional. A moratorium was declared, directing compliance with the Code and providing operational directives. The Directors and Promoters were instructed to assist the IRP, with communication of the order to relevant parties for compliance. The Respondent's non-appearance resulted in an ex-parte disposal of the application. Case-Laws Insolvency and Bankruptcy Tue, 01 Mar 2022 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=419559