https://www.taxtmi.com/caselaws?id=303140 The Tribunal admitted the application under Section 7 of the Insolvency and Bankruptcy Code, initiating Corporate Insolvency Resolution Process (CIRP) against the Corporate Debtor. An Interim Resolution Professional (IRP) was appointed, and the moratorium was invoked to commence the insolvency resolution process. The Tribunal found the application timely and maintainable, rejecting arguments of Res Judicata and recognizing the transaction as a loan based on the Corporate Debtor's balance sheet and communications. en-us Mon, 07 Feb 2022 00:00:00 +0530 Wed, 06 Jul 2022 00:19:20 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=303140 The Tribunal admitted the application under Section 7 of the Insolvency and Bankruptcy Code, initiating Corporate Insolvency Resolution Process (CIRP) against the Corporate Debtor. An Interim Resolution Professional (IRP) was appointed, and the moratorium was invoked to commence the insolvency resolution process. The Tribunal found the application timely and maintainable, rejecting arguments of Res Judicata and recognizing the transaction as a loan based on the Corporate Debtor's balance sheet and communications. Case-Laws Insolvency and Bankruptcy Mon, 07 Feb 2022 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=303140