https://www.taxtmi.com/caselaws?id=421114 The Tribunal admitted the Operational Creditor's application under Section 9 of the Insolvency and Bankruptcy Code, 2016 against the Corporate Debtor for defaulting on operational debt. A moratorium was declared, an Interim Resolution Professional (IRP) appointed, and various directions were given for the conduct of the Corporate Insolvency Resolution Process (CIRP). The IRP was tasked with managing the Corporate Debtor's operations, ensuring the continuity of goods/services supply, and making a public announcement. The Operational Creditor was required to provide an advance to the IRP, and the judgment was concluded on March 28, 2022. en-us Mon, 28 Mar 2022 00:00:00 +0530 Mon, 18 Apr 2022 08:08:17 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=421114 The Tribunal admitted the Operational Creditor's application under Section 9 of the Insolvency and Bankruptcy Code, 2016 against the Corporate Debtor for defaulting on operational debt. A moratorium was declared, an Interim Resolution Professional (IRP) appointed, and various directions were given for the conduct of the Corporate Insolvency Resolution Process (CIRP). The IRP was tasked with managing the Corporate Debtor's operations, ensuring the continuity of goods/services supply, and making a public announcement. The Operational Creditor was required to provide an advance to the IRP, and the judgment was concluded on March 28, 2022. Case-Laws Insolvency and Bankruptcy Mon, 28 Mar 2022 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=421114