https://www.taxtmi.com/caselaws?id=422542 The Financial Creditor filed an application under Section 7 of the Insolvency and Bankruptcy Code, 2016 against the Corporate Debtor for debt amounting to Rs. 147,54,94,853.59. The Corporate Debtor acknowledged the debt due to financial difficulties caused by the COVID-19 pandemic. The Adjudicating Authority had jurisdiction, and an Interim Resolution Professional was appointed to oversee the resolution process. A moratorium was declared, and the Interim Resolution Professional was directed to manage the Corporate Debtor's operations and preserve its value during the Corporate Insolvency Resolution Process. en-us Tue, 26 Apr 2022 00:00:00 +0530 Tue, 17 May 2022 18:02:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=422542 The Financial Creditor filed an application under Section 7 of the Insolvency and Bankruptcy Code, 2016 against the Corporate Debtor for debt amounting to Rs. 147,54,94,853.59. The Corporate Debtor acknowledged the debt due to financial difficulties caused by the COVID-19 pandemic. The Adjudicating Authority had jurisdiction, and an Interim Resolution Professional was appointed to oversee the resolution process. A moratorium was declared, and the Interim Resolution Professional was directed to manage the Corporate Debtor's operations and preserve its value during the Corporate Insolvency Resolution Process. Case-Laws Insolvency and Bankruptcy Tue, 26 Apr 2022 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=422542