https://www.taxtmi.com/caselaws?id=428005 The Tribunal admitted the application filed by the Financial Creditor to initiate Corporate Insolvency Resolution Process (CIRP) against the Corporate Debtor. The debt amount exceeded Rs.1,00,00,000, and the default was established. The petition was within the limitation period, and stamp duty issues did not invalidate it. An Interim Resolution Professional (IRP) was appointed, and a moratorium was declared under Section 14 of the Insolvency & Bankruptcy Code, prohibiting certain actions against the Corporate Debtor until CIRP completion, resolution plan approval, or liquidation. en-us Tue, 20 Sep 2022 00:00:00 +0530 Thu, 22 Sep 2022 07:39:35 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=428005 The Tribunal admitted the application filed by the Financial Creditor to initiate Corporate Insolvency Resolution Process (CIRP) against the Corporate Debtor. The debt amount exceeded Rs.1,00,00,000, and the default was established. The petition was within the limitation period, and stamp duty issues did not invalidate it. An Interim Resolution Professional (IRP) was appointed, and a moratorium was declared under Section 14 of the Insolvency & Bankruptcy Code, prohibiting certain actions against the Corporate Debtor until CIRP completion, resolution plan approval, or liquidation. Case-Laws Insolvency and Bankruptcy Tue, 20 Sep 2022 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=428005