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    <title>2022 (3) TMI 946 - NATIONAL COMPANY LAW TRIBUNAL , CHENNAI BENCH</title>
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    <description>The Tribunal admitted the application for Corporate Insolvency Resolution Process (CIRP) under Section 9 of the Insolvency &amp;amp; Bankruptcy Code, 2016, against the Corporate Debtor, declaring a moratorium. Substituted service was permitted for notice to the Corporate Debtor. The debt and default were determined, finding no dispute on the amount due. The application was filed within the limitation period. An Interim Resolution Professional (IRP) was appointed, and a moratorium was declared until CIRP completion or liquidation. The IRP was tasked with managing the Corporate Debtor and complying with relevant provisions of the IBC, 2016.</description>
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      <description>The Tribunal admitted the application for Corporate Insolvency Resolution Process (CIRP) under Section 9 of the Insolvency &amp;amp; Bankruptcy Code, 2016, against the Corporate Debtor, declaring a moratorium. Substituted service was permitted for notice to the Corporate Debtor. The debt and default were determined, finding no dispute on the amount due. The application was filed within the limitation period. An Interim Resolution Professional (IRP) was appointed, and a moratorium was declared until CIRP completion or liquidation. The IRP was tasked with managing the Corporate Debtor and complying with relevant provisions of the IBC, 2016.</description>
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