https://www.taxtmi.com/caselaws?id=426474 The Adjudicating Authority confirmed proper service of the demand notice, undisputed operational debt by the corporate debtor, and timely filing of the application. The Authority admitted the petition, initiating the Corporate Insolvency Resolution Process (CIRP) for the Corporate Debtor, imposing a moratorium under Section 14 of the Insolvency and Bankruptcy Code. Mr. Harsh Garg was appointed as the Interim Resolution Professional to manage the affairs of the Corporate Debtor, with directions to constitute a Committee of Creditors and provide progress reports. The petitioner was directed to deposit funds for immediate CIRP expenses. en-us Wed, 10 Aug 2022 00:00:00 +0530 Wed, 17 Aug 2022 19:12:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=426474 The Adjudicating Authority confirmed proper service of the demand notice, undisputed operational debt by the corporate debtor, and timely filing of the application. The Authority admitted the petition, initiating the Corporate Insolvency Resolution Process (CIRP) for the Corporate Debtor, imposing a moratorium under Section 14 of the Insolvency and Bankruptcy Code. Mr. Harsh Garg was appointed as the Interim Resolution Professional to manage the affairs of the Corporate Debtor, with directions to constitute a Committee of Creditors and provide progress reports. The petitioner was directed to deposit funds for immediate CIRP expenses. Case-Laws Insolvency and Bankruptcy Wed, 10 Aug 2022 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=426474