https://www.taxtmi.com/caselaws?id=422994 The Tribunal found the respondent in default of payment for supplied goods, leading to the initiation of Corporate Insolvency Resolution Process under Section 9(5) of the Insolvency and Bankruptcy Code. Ms. Ashu Gupta was appointed as the Insolvency Resolution Professional, with the applicant required to deposit Rs. 2 lacs for expenses. A moratorium period was imposed on the respondent, and compliance reports were mandated. The order was to be communicated to relevant parties and regulatory authorities, with necessary updates to official records. en-us Thu, 19 May 2022 00:00:00 +0530 Fri, 27 May 2022 08:36:35 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=422994 The Tribunal found the respondent in default of payment for supplied goods, leading to the initiation of Corporate Insolvency Resolution Process under Section 9(5) of the Insolvency and Bankruptcy Code. Ms. Ashu Gupta was appointed as the Insolvency Resolution Professional, with the applicant required to deposit Rs. 2 lacs for expenses. A moratorium period was imposed on the respondent, and compliance reports were mandated. The order was to be communicated to relevant parties and regulatory authorities, with necessary updates to official records. Case-Laws Insolvency and Bankruptcy Thu, 19 May 2022 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=422994