https://www.taxtmi.com/caselaws?id=422786 The Adjudicating Authority admitted the Company Petition under section 7 of the Insolvency and Bankruptcy Code, 2016, initiating the Corporate Insolvency Resolution Process against the Corporate Debtor. A moratorium was imposed, and an Interim Resolution Professional (IRP) was appointed to manage the affairs of the Corporate Debtor. The Financial Creditor was directed to deposit funds with the IRP for expenses, and compliance measures were outlined. The case was scheduled for a future hearing for filing the periodical report, subject to formalities being met. en-us Thu, 12 May 2022 00:00:00 +0530 Mon, 23 May 2022 08:13:59 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=422786 The Adjudicating Authority admitted the Company Petition under section 7 of the Insolvency and Bankruptcy Code, 2016, initiating the Corporate Insolvency Resolution Process against the Corporate Debtor. A moratorium was imposed, and an Interim Resolution Professional (IRP) was appointed to manage the affairs of the Corporate Debtor. The Financial Creditor was directed to deposit funds with the IRP for expenses, and compliance measures were outlined. The case was scheduled for a future hearing for filing the periodical report, subject to formalities being met. Case-Laws Insolvency and Bankruptcy Thu, 12 May 2022 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=422786