https://www.taxtmi.com/caselaws?id=422609 The Tribunal admitted the Application under Section 9(5) of the Insolvency and Bankruptcy Code, 2016, finding the operational creditor's claim valid against the Corporate Debtor for outstanding dues. An Interim Resolution Professional (IRP) was appointed, and the Applicant was directed to deposit funds with the IRP. A moratorium was imposed on the Corporate Debtor under Section 14(1), and the Tribunal aimed to facilitate the resolution process while safeguarding the interests of the parties involved in the insolvency proceedings. en-us Mon, 25 Apr 2022 00:00:00 +0530 Thu, 19 May 2022 08:30:22 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=422609 The Tribunal admitted the Application under Section 9(5) of the Insolvency and Bankruptcy Code, 2016, finding the operational creditor's claim valid against the Corporate Debtor for outstanding dues. An Interim Resolution Professional (IRP) was appointed, and the Applicant was directed to deposit funds with the IRP. A moratorium was imposed on the Corporate Debtor under Section 14(1), and the Tribunal aimed to facilitate the resolution process while safeguarding the interests of the parties involved in the insolvency proceedings. Case-Laws Insolvency and Bankruptcy Mon, 25 Apr 2022 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=422609