https://www.taxtmi.com/caselaws?id=426759 The tribunal admitted M/s. AG8 Ventures Private Limited into Corporate Insolvency Resolution Process (CIRP) due to default in payment amounting to Rs. 10,77,17,000. A moratorium was declared under Section 14(1) of the Insolvency and Bankruptcy Code, 2016. Mr. Ishwar Lal Kalantri was appointed as the Interim Resolution Professional (IRP) to manage the Corporate Debtor. The IRP is tasked with performing various functions under the Code, making public announcements, and calling for claims. The Operational Creditor is required to pay an advance of Rs. 2,00,000 to the IRP, and supply of goods/services to the Corporate Debtor continues during the moratorium. en-us Fri, 05 Aug 2022 00:00:00 +0530 Thu, 25 Aug 2022 08:12:45 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=426759 The tribunal admitted M/s. AG8 Ventures Private Limited into Corporate Insolvency Resolution Process (CIRP) due to default in payment amounting to Rs. 10,77,17,000. A moratorium was declared under Section 14(1) of the Insolvency and Bankruptcy Code, 2016. Mr. Ishwar Lal Kalantri was appointed as the Interim Resolution Professional (IRP) to manage the Corporate Debtor. The IRP is tasked with performing various functions under the Code, making public announcements, and calling for claims. The Operational Creditor is required to pay an advance of Rs. 2,00,000 to the IRP, and supply of goods/services to the Corporate Debtor continues during the moratorium. Case-Laws Insolvency and Bankruptcy Fri, 05 Aug 2022 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=426759