https://www.taxtmi.com/caselaws?id=424032 The Tribunal admitted the application under section 9 of the Insolvency and Bankruptcy Code, 2016, filed by the Operational Creditor against the Corporate Debtor for default in repayment. The Corporate Debtor's liability was established, leading to the appointment of an Interim Resolution Professional and initiation of the Corporate Insolvency Resolution Process. The Tribunal found in favor of the Operational Creditor, ordering the commencement of CIRP and providing directions on the process, costs, moratorium, management, and public announcement. en-us Fri, 17 Jun 2022 00:00:00 +0530 Tue, 21 Jun 2022 08:55:54 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=424032 The Tribunal admitted the application under section 9 of the Insolvency and Bankruptcy Code, 2016, filed by the Operational Creditor against the Corporate Debtor for default in repayment. The Corporate Debtor's liability was established, leading to the appointment of an Interim Resolution Professional and initiation of the Corporate Insolvency Resolution Process. The Tribunal found in favor of the Operational Creditor, ordering the commencement of CIRP and providing directions on the process, costs, moratorium, management, and public announcement. Case-Laws Insolvency and Bankruptcy Fri, 17 Jun 2022 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=424032