https://www.taxtmi.com/caselaws?id=420226 The Tribunal initiated the Corporate Insolvency Resolution Process (CIRP) under Section 9 of the Insolvency & Bankruptcy Code, 2016 against the Corporate Debtor based on the Operational Creditor's claim for unpaid invoices and operational debt. Despite acknowledging the debt, the Corporate Debtor failed to pay due to market conditions. An Insolvency Professional was appointed, a moratorium declared, and compliance measures outlined. The Tribunal stressed adherence to IBC procedures for effective resolution of insolvency proceedings. en-us Tue, 22 Mar 2022 00:00:00 +0530 Wed, 30 Mar 2022 08:33:03 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=420226 The Tribunal initiated the Corporate Insolvency Resolution Process (CIRP) under Section 9 of the Insolvency & Bankruptcy Code, 2016 against the Corporate Debtor based on the Operational Creditor's claim for unpaid invoices and operational debt. Despite acknowledging the debt, the Corporate Debtor failed to pay due to market conditions. An Insolvency Professional was appointed, a moratorium declared, and compliance measures outlined. The Tribunal stressed adherence to IBC procedures for effective resolution of insolvency proceedings. Case-Laws Insolvency and Bankruptcy Tue, 22 Mar 2022 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=420226