https://www.taxtmi.com/caselaws?id=302035 The Tribunal admitted the Financial Creditor's petition for Corporate Insolvency Resolution under Section 7 of the Insolvency & Bankruptcy Code, 2016 against the Corporate Debtor due to the latter's financial inability to repay debts. A moratorium under Section 14 of the Code was imposed, halting actions against the Corporate Debtor. The Insolvency Resolution Professional (IRP) was appointed to oversee the resolution process, with further proceedings scheduled for January 6, 2020. en-us Fri, 22 Nov 2019 00:00:00 +0530 Sun, 01 May 2022 20:49:27 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=302035 The Tribunal admitted the Financial Creditor's petition for Corporate Insolvency Resolution under Section 7 of the Insolvency & Bankruptcy Code, 2016 against the Corporate Debtor due to the latter's financial inability to repay debts. A moratorium under Section 14 of the Code was imposed, halting actions against the Corporate Debtor. The Insolvency Resolution Professional (IRP) was appointed to oversee the resolution process, with further proceedings scheduled for January 6, 2020. Case-Laws Insolvency and Bankruptcy Fri, 22 Nov 2019 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=302035