https://www.taxtmi.com/caselaws?id=424380 The tribunal admitted the application under Section 7 of the Insolvency and Bankruptcy Code, 2016, declaring a moratorium and appointing an Interim Resolution Professional. The delay in filing the counter was condoned, and the Corporate Debtor's account was classified as fraudulent, impacting its ability to propose a settlement. The tribunal emphasized the limited role in assessing defaults and proceeded with the Corporate Insolvency Resolution Process, directing compliance with the IBC, 2016. An upcoming hearing was scheduled for further proceedings. en-us Thu, 09 Jun 2022 00:00:00 +0530 Thu, 30 Jun 2022 18:53:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=424380 The tribunal admitted the application under Section 7 of the Insolvency and Bankruptcy Code, 2016, declaring a moratorium and appointing an Interim Resolution Professional. The delay in filing the counter was condoned, and the Corporate Debtor's account was classified as fraudulent, impacting its ability to propose a settlement. The tribunal emphasized the limited role in assessing defaults and proceeded with the Corporate Insolvency Resolution Process, directing compliance with the IBC, 2016. An upcoming hearing was scheduled for further proceedings. Case-Laws Insolvency and Bankruptcy Thu, 09 Jun 2022 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=424380