https://www.taxtmi.com/caselaws?id=419779 The Tribunal admitted the application under section 7 of the Insolvency and Bankruptcy Code, 2016, to initiate Corporate Insolvency Resolution Process against the Corporate Debtor. An Insolvency Resolution Professional (IRP) was appointed to oversee the process, with the Financial Creditor directed to deposit funds for expenses. The admission triggered a moratorium period under Section 14(1) of the IBC, 2016, with specific provisions taking effect. The order was communicated to relevant parties and regulatory bodies for compliance, with instructions for updating Master Data and submitting a compliance report to the Registrar, NCLT. en-us Thu, 10 Mar 2022 00:00:00 +0530 Mon, 21 Mar 2022 08:13:51 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=419779 The Tribunal admitted the application under section 7 of the Insolvency and Bankruptcy Code, 2016, to initiate Corporate Insolvency Resolution Process against the Corporate Debtor. An Insolvency Resolution Professional (IRP) was appointed to oversee the process, with the Financial Creditor directed to deposit funds for expenses. The admission triggered a moratorium period under Section 14(1) of the IBC, 2016, with specific provisions taking effect. The order was communicated to relevant parties and regulatory bodies for compliance, with instructions for updating Master Data and submitting a compliance report to the Registrar, NCLT. Case-Laws Insolvency and Bankruptcy Thu, 10 Mar 2022 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=419779