https://www.taxtmi.com/caselaws?id=419830 The Tribunal allowed the petition under Section 9 of the Insolvency and Bankruptcy Code, 2016, for Corporate Insolvency Resolution Process initiation against the Corporate Debtor. The interpretation of the settlement agreement favored the Operational Creditor, leading to the appointment of an Interim Resolution Professional and a deposit requirement. A moratorium was declared with specified exceptions, ensuring the proper management and preservation of the Corporate Debtor's assets. en-us Thu, 10 Mar 2022 00:00:00 +0530 Tue, 22 Mar 2022 08:58:46 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=419830 The Tribunal allowed the petition under Section 9 of the Insolvency and Bankruptcy Code, 2016, for Corporate Insolvency Resolution Process initiation against the Corporate Debtor. The interpretation of the settlement agreement favored the Operational Creditor, leading to the appointment of an Interim Resolution Professional and a deposit requirement. A moratorium was declared with specified exceptions, ensuring the proper management and preservation of the Corporate Debtor's assets. Case-Laws Insolvency and Bankruptcy Thu, 10 Mar 2022 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=419830