https://www.taxtmi.com/caselaws?id=421698 The Tribunal admitted the Operational Creditor's application under Section 9 of the Insolvency and Bankruptcy Code, 2016, against the Corporate Debtor, initiating the Corporate Insolvency Resolution Process (CIRP). An ex-parte order was issued due to the Corporate Debtor's non-appearance. The appointed Interim Resolution Professional (IRP) was tasked with managing the Corporate Debtor's affairs, initiating the moratorium period under Section 14 of the Code. The IRP was instructed to follow Code regulations, submit progress reports, and oversee the resolution process, with the next hearing scheduled to monitor progress. en-us Tue, 19 Apr 2022 00:00:00 +0530 Sat, 30 Apr 2022 08:09:36 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=421698 The Tribunal admitted the Operational Creditor's application under Section 9 of the Insolvency and Bankruptcy Code, 2016, against the Corporate Debtor, initiating the Corporate Insolvency Resolution Process (CIRP). An ex-parte order was issued due to the Corporate Debtor's non-appearance. The appointed Interim Resolution Professional (IRP) was tasked with managing the Corporate Debtor's affairs, initiating the moratorium period under Section 14 of the Code. The IRP was instructed to follow Code regulations, submit progress reports, and oversee the resolution process, with the next hearing scheduled to monitor progress. Case-Laws Insolvency and Bankruptcy Tue, 19 Apr 2022 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=421698