https://www.taxtmi.com/caselaws?id=421330 The Tribunal admitted the Financial Creditor's application for initiating Corporate Insolvency Resolution Process under Section 7 of the I&B Code, 2016 against the Corporate Debtor, M/s. S.D. Pharmacy P. Ltd. The Tribunal imposed a moratorium under Section 14 of the I&B Code, 2016, appointed an Insolvency Professional, and mandated the continuation of essential goods or services supply to the Corporate Debtor. The Financial Creditor was directed to deposit a certain amount to initiate proceedings, and the management of the Corporate Debtor now rests with the Interim Resolution Professional. The Tribunal's judgment outlined necessary steps for the effective resolution process. en-us Thu, 31 Mar 2022 00:00:00 +0530 Fri, 22 Apr 2022 08:25:43 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=421330 The Tribunal admitted the Financial Creditor's application for initiating Corporate Insolvency Resolution Process under Section 7 of the I&B Code, 2016 against the Corporate Debtor, M/s. S.D. Pharmacy P. Ltd. The Tribunal imposed a moratorium under Section 14 of the I&B Code, 2016, appointed an Insolvency Professional, and mandated the continuation of essential goods or services supply to the Corporate Debtor. The Financial Creditor was directed to deposit a certain amount to initiate proceedings, and the management of the Corporate Debtor now rests with the Interim Resolution Professional. The Tribunal's judgment outlined necessary steps for the effective resolution process. Case-Laws Insolvency and Bankruptcy Thu, 31 Mar 2022 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=421330