https://www.taxtmi.com/caselaws?id=422050 The Financial Creditor filed for Corporate Insolvency Resolution Process under Section 7 of the Insolvency and Bankruptcy Code, 2016 against the Corporate Debtor for a debt of Rs. 50,00,000. The Corporate Debtor acknowledged the debt within the limitation period. The Tribunal admitted the application, appointed an Interim Resolution Professional, imposed a Moratorium under Section 14, safeguarded Corporate Debtor's assets, ensured essential goods/services supply, and directed the Financial Creditor to deposit Rs. 2,00,000 with the IRP. The Corporate Insolvency Resolution Process was effective from the order date, and the case was disposed-off by the National Company Law Tribunal, Ahmedabad Bench. en-us Wed, 27 Apr 2022 00:00:00 +0530 Sat, 07 May 2022 06:36:19 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=422050 The Financial Creditor filed for Corporate Insolvency Resolution Process under Section 7 of the Insolvency and Bankruptcy Code, 2016 against the Corporate Debtor for a debt of Rs. 50,00,000. The Corporate Debtor acknowledged the debt within the limitation period. The Tribunal admitted the application, appointed an Interim Resolution Professional, imposed a Moratorium under Section 14, safeguarded Corporate Debtor's assets, ensured essential goods/services supply, and directed the Financial Creditor to deposit Rs. 2,00,000 with the IRP. The Corporate Insolvency Resolution Process was effective from the order date, and the case was disposed-off by the National Company Law Tribunal, Ahmedabad Bench. Case-Laws Insolvency and Bankruptcy Wed, 27 Apr 2022 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=422050