https://www.taxtmi.com/caselaws?id=422661 The tribunal admitted the petition filed by the Operational Creditor, ordered the commencement of Corporate Insolvency Resolution Process (CIRP), and declared a moratorium as per the Insolvency & Bankruptcy Code, 2016. An Interim Resolution Professional (IRP) was appointed to manage the affairs of the Corporate Debtor. The tribunal directed the Operational Creditor to pay fees for the IRP and CIRP expenses. The order required communication to relevant parties and the Registrar of Companies for updating the Corporate Debtor's status. en-us Fri, 06 May 2022 00:00:00 +0530 Fri, 20 May 2022 09:00:05 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=422661 The tribunal admitted the petition filed by the Operational Creditor, ordered the commencement of Corporate Insolvency Resolution Process (CIRP), and declared a moratorium as per the Insolvency & Bankruptcy Code, 2016. An Interim Resolution Professional (IRP) was appointed to manage the affairs of the Corporate Debtor. The tribunal directed the Operational Creditor to pay fees for the IRP and CIRP expenses. The order required communication to relevant parties and the Registrar of Companies for updating the Corporate Debtor's status. Case-Laws Insolvency and Bankruptcy Fri, 06 May 2022 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=422661