https://www.taxtmi.com/caselaws?id=423008 The application for initiation of Corporate Insolvency Resolution Process (CIRP) under Section 9 of the Insolvency & Bankruptcy Code, 2016 was admitted by the Tribunal. The Tribunal ordered the appointment of an Interim Resolution Professional (IRP) and declared a moratorium under Section 14 of the IBC, 2016. The Corporate Debtor's acknowledgment of debt and the undisputed liability exceeding the threshold limit justified the admission of the application. The Tribunal directed the Operational Creditor to pay Rs. 2,00,000 to the IRP for compliance with the provisions of the IBC, 2016. en-us Tue, 17 May 2022 00:00:00 +0530 Fri, 27 May 2022 08:37:17 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=423008 The application for initiation of Corporate Insolvency Resolution Process (CIRP) under Section 9 of the Insolvency & Bankruptcy Code, 2016 was admitted by the Tribunal. The Tribunal ordered the appointment of an Interim Resolution Professional (IRP) and declared a moratorium under Section 14 of the IBC, 2016. The Corporate Debtor's acknowledgment of debt and the undisputed liability exceeding the threshold limit justified the admission of the application. The Tribunal directed the Operational Creditor to pay Rs. 2,00,000 to the IRP for compliance with the provisions of the IBC, 2016. Case-Laws Insolvency and Bankruptcy Tue, 17 May 2022 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=423008