https://www.taxtmi.com/caselaws?id=421370 The Tribunal found the application timely filed within the limitation period, upheld the competency of the applicant, and confirmed the existence of a Creditor-Debtor relationship. Consequently, the Tribunal admitted the application for initiating Corporate Insolvency Resolution Process against the Corporate Debtor, imposing a moratorium and appointing an Interim Resolution Professional. The Financial Creditor was directed to deposit initial expenses, and the IRP was tasked with specific duties under the Insolvency and Bankruptcy Code, with a reporting requirement within 30 days. Additional matters were disposed of, and relevant parties were duly informed. en-us Thu, 24 Mar 2022 00:00:00 +0530 Sat, 23 Apr 2022 08:33:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=421370 The Tribunal found the application timely filed within the limitation period, upheld the competency of the applicant, and confirmed the existence of a Creditor-Debtor relationship. Consequently, the Tribunal admitted the application for initiating Corporate Insolvency Resolution Process against the Corporate Debtor, imposing a moratorium and appointing an Interim Resolution Professional. The Financial Creditor was directed to deposit initial expenses, and the IRP was tasked with specific duties under the Insolvency and Bankruptcy Code, with a reporting requirement within 30 days. Additional matters were disposed of, and relevant parties were duly informed. Case-Laws Insolvency and Bankruptcy Thu, 24 Mar 2022 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=421370