https://www.taxtmi.com/caselaws?id=423876 The NCLAT allowed the Financial Creditor's appeal, directing the Adjudicating Authority to admit the Corporate Insolvency Resolution Process application. The Supreme Court upheld the NCLAT's decision, leading to the initiation of the moratorium under the IBC. The Tribunal appointed an Interim Resolution Professional and mandated the Financial Creditor to deposit funds for expenses. Compliance with the appellate orders resulted in the commencement of the Corporate Insolvency Resolution Process. en-us Tue, 07 Jun 2022 00:00:00 +0530 Wed, 15 Jun 2022 18:48:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=423876 The NCLAT allowed the Financial Creditor's appeal, directing the Adjudicating Authority to admit the Corporate Insolvency Resolution Process application. The Supreme Court upheld the NCLAT's decision, leading to the initiation of the moratorium under the IBC. The Tribunal appointed an Interim Resolution Professional and mandated the Financial Creditor to deposit funds for expenses. Compliance with the appellate orders resulted in the commencement of the Corporate Insolvency Resolution Process. Case-Laws Insolvency and Bankruptcy Tue, 07 Jun 2022 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=423876