https://www.taxtmi.com/caselaws?id=422397 The National Company Law Tribunal, Ahmedabad Bench admitted the application by an Operational Creditor, directing the admission of a Corporate Debtor into the Corporate Insolvency Resolution Process under Section 9 of the Insolvency and Bankruptcy Code, 2016. The Tribunal declared a moratorium under Section 14 of the Code, appointed an Interim Resolution Professional, mandated public announcement and claims submission, and regulated the supply of goods/services during the moratorium. An advance payment by the Operational Creditor to the IRP was ordered for the smooth conduct of the CIRP, emphasizing financial obligations in the insolvency resolution process. en-us Wed, 27 Apr 2022 00:00:00 +0530 Sat, 14 May 2022 08:37:54 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=422397 The National Company Law Tribunal, Ahmedabad Bench admitted the application by an Operational Creditor, directing the admission of a Corporate Debtor into the Corporate Insolvency Resolution Process under Section 9 of the Insolvency and Bankruptcy Code, 2016. The Tribunal declared a moratorium under Section 14 of the Code, appointed an Interim Resolution Professional, mandated public announcement and claims submission, and regulated the supply of goods/services during the moratorium. An advance payment by the Operational Creditor to the IRP was ordered for the smooth conduct of the CIRP, emphasizing financial obligations in the insolvency resolution process. Case-Laws Insolvency and Bankruptcy Wed, 27 Apr 2022 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=422397