https://www.taxtmi.com/caselaws?id=420860 The Tribunal found that the Corporate Debtor had an outstanding debt to the Operational Creditor without any genuine pre-existing dispute. Consequently, the Company Petition was admitted, and the Corporate Insolvency Resolution Process (CIRP) was initiated against the Corporate Debtor. Dr. Govindarajula Venkata Narasimha Rao was appointed as the Interim Resolution Professional (IRP) to manage the Corporate Debtor and oversee the CIRP proceedings. The CIRP was ordered to be completed within 180 days, a moratorium was declared, and all relevant parties were directed to cooperate with the IRP. en-us Fri, 01 Apr 2022 00:00:00 +0530 Tue, 12 Apr 2022 09:16:32 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=420860 The Tribunal found that the Corporate Debtor had an outstanding debt to the Operational Creditor without any genuine pre-existing dispute. Consequently, the Company Petition was admitted, and the Corporate Insolvency Resolution Process (CIRP) was initiated against the Corporate Debtor. Dr. Govindarajula Venkata Narasimha Rao was appointed as the Interim Resolution Professional (IRP) to manage the Corporate Debtor and oversee the CIRP proceedings. The CIRP was ordered to be completed within 180 days, a moratorium was declared, and all relevant parties were directed to cooperate with the IRP. Case-Laws Insolvency and Bankruptcy Fri, 01 Apr 2022 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=420860