https://www.taxtmi.com/caselaws?id=425216 The Tribunal admitted the Company Petition under Section 9 of the Insolvency and Bankruptcy Code, initiating the Corporate Insolvency Resolution Process against the Corporate Debtor. This decision was made due to the breach of settlement terms and default in payment by the Corporate Debtor, establishing its liability to repay the outstanding amount to the Operational Creditor. The Tribunal appointed an Interim Resolution Professional, imposed a moratorium on suits, and specified various provisions to be followed during the insolvency resolution process. en-us Fri, 15 Jul 2022 00:00:00 +0530 Tue, 19 Jul 2022 09:21:18 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=425216 The Tribunal admitted the Company Petition under Section 9 of the Insolvency and Bankruptcy Code, initiating the Corporate Insolvency Resolution Process against the Corporate Debtor. This decision was made due to the breach of settlement terms and default in payment by the Corporate Debtor, establishing its liability to repay the outstanding amount to the Operational Creditor. The Tribunal appointed an Interim Resolution Professional, imposed a moratorium on suits, and specified various provisions to be followed during the insolvency resolution process. Case-Laws Insolvency and Bankruptcy Fri, 15 Jul 2022 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=425216