https://www.taxtmi.com/caselaws?id=426306 The Tribunal admitted the Corporate Debtor into Corporate Insolvency Resolution Process (CIRP) under Section 9 of the Insolvency and Bankruptcy Code, 2016. A moratorium was declared under Section 14 of the Code, appointing an Insolvency Resolution Professional (IRP) to oversee the process. The Operational Creditor's application was found complete, meeting the prescribed threshold amount and limitations, leading to an ex-parte decision against the Corporate Debtor. The IRP was tasked with conducting the CIRP, ensuring the continuity of goods/services supply during the moratorium, with instructions for the Operational Creditor to pay an advance for the process. en-us Wed, 20 Jul 2022 00:00:00 +0530 Sat, 13 Aug 2022 08:04:28 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=426306 The Tribunal admitted the Corporate Debtor into Corporate Insolvency Resolution Process (CIRP) under Section 9 of the Insolvency and Bankruptcy Code, 2016. A moratorium was declared under Section 14 of the Code, appointing an Insolvency Resolution Professional (IRP) to oversee the process. The Operational Creditor's application was found complete, meeting the prescribed threshold amount and limitations, leading to an ex-parte decision against the Corporate Debtor. The IRP was tasked with conducting the CIRP, ensuring the continuity of goods/services supply during the moratorium, with instructions for the Operational Creditor to pay an advance for the process. Case-Laws Insolvency and Bankruptcy Wed, 20 Jul 2022 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=426306