https://www.taxtmi.com/caselaws?id=422396 The Tribunal admitted the Operational Creditor's application for initiating Corporate Insolvency Resolution Process against the Corporate Debtor, imposing a moratorium under Section 14 of IBC. An Interim Resolution Professional was appointed, and management of the Corporate Debtor vested in the IRP during the CIRP period. The Operational Creditor was directed to deposit a sum for expenses, with reporting and compliance requirements outlined. The Corporate Debtor's contentions were deemed unsubstantiated, and the application under Section 9 was found complete and compliant with relevant provisions of the Code. en-us Wed, 27 Apr 2022 00:00:00 +0530 Sat, 14 May 2022 08:37:51 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=422396 The Tribunal admitted the Operational Creditor's application for initiating Corporate Insolvency Resolution Process against the Corporate Debtor, imposing a moratorium under Section 14 of IBC. An Interim Resolution Professional was appointed, and management of the Corporate Debtor vested in the IRP during the CIRP period. The Operational Creditor was directed to deposit a sum for expenses, with reporting and compliance requirements outlined. The Corporate Debtor's contentions were deemed unsubstantiated, and the application under Section 9 was found complete and compliant with relevant provisions of the Code. Case-Laws Insolvency and Bankruptcy Wed, 27 Apr 2022 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=422396