https://www.taxtmi.com/caselaws?id=423936 The tribunal admitted the Corporate Insolvency Resolution Process (CIRP) application, declaring a moratorium and appointing an Interim Resolution Professional (IRP). The Operational Creditor's claim for unpaid fees was deemed valid, and the Corporate Debtor's defenses were dismissed as frivolous. The IRP was directed to manage the CIRP proceedings, including public announcements and claims submission, while the moratorium protected the Corporate Debtor from legal actions until resolution. Mr. Manish Jain was appointed as the IRP, and the Operational Creditor was instructed to deposit funds for preliminary expenses. The matter was scheduled for a progress report filing. en-us Wed, 25 May 2022 00:00:00 +0530 Sat, 18 Jun 2022 09:02:40 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=423936 The tribunal admitted the Corporate Insolvency Resolution Process (CIRP) application, declaring a moratorium and appointing an Interim Resolution Professional (IRP). The Operational Creditor's claim for unpaid fees was deemed valid, and the Corporate Debtor's defenses were dismissed as frivolous. The IRP was directed to manage the CIRP proceedings, including public announcements and claims submission, while the moratorium protected the Corporate Debtor from legal actions until resolution. Mr. Manish Jain was appointed as the IRP, and the Operational Creditor was instructed to deposit funds for preliminary expenses. The matter was scheduled for a progress report filing. Case-Laws Insolvency and Bankruptcy Wed, 25 May 2022 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=423936