https://www.taxtmi.com/caselaws?id=421496 The Tribunal admitted the application for initiation of Corporate Insolvency Resolution Process (CIRP) against the Corporate Debtor, appointing an Insolvency Resolution Professional (IRP), directing a deposit for IRP expenses, initiating a moratorium period under Section 14 of the Insolvency and Bankruptcy Code. The decision was based on the analysis of the addendum agreement, payment responsibility, and dispute resolution principles, emphasizing the Corporate Debtor's direct payments as proof of liability. The Tribunal's ruling was supported by a relevant Supreme Court case, ensuring compliance and record-keeping by relevant parties and authorities. en-us Mon, 11 Apr 2022 00:00:00 +0530 Tue, 26 Apr 2022 08:16:01 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=421496 The Tribunal admitted the application for initiation of Corporate Insolvency Resolution Process (CIRP) against the Corporate Debtor, appointing an Insolvency Resolution Professional (IRP), directing a deposit for IRP expenses, initiating a moratorium period under Section 14 of the Insolvency and Bankruptcy Code. The decision was based on the analysis of the addendum agreement, payment responsibility, and dispute resolution principles, emphasizing the Corporate Debtor's direct payments as proof of liability. The Tribunal's ruling was supported by a relevant Supreme Court case, ensuring compliance and record-keeping by relevant parties and authorities. Case-Laws Insolvency and Bankruptcy Mon, 11 Apr 2022 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=421496