https://www.taxtmi.com/caselaws?id=428345 The tribunal admitted the application under section 7 of the Insolvency and Bankruptcy Code, 2016, filed by the Financial Creditor. A moratorium was declared under section 14 of the IBC, and the Corporate Insolvency Resolution Process (CIRP) was initiated against the Corporate Debtor. An Interim Resolution Professional (IRP) was appointed, and the Financial Creditor was directed to deposit Rs. 3,00,000/- with the IRP for expenses. The tribunal ordered a public announcement of the CIRP and scheduled a follow-up for filing the progress report on 31.10.2022. en-us Tue, 27 Sep 2022 00:00:00 +0530 Wed, 28 Sep 2022 14:13:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=428345 The tribunal admitted the application under section 7 of the Insolvency and Bankruptcy Code, 2016, filed by the Financial Creditor. A moratorium was declared under section 14 of the IBC, and the Corporate Insolvency Resolution Process (CIRP) was initiated against the Corporate Debtor. An Interim Resolution Professional (IRP) was appointed, and the Financial Creditor was directed to deposit Rs. 3,00,000/- with the IRP for expenses. The tribunal ordered a public announcement of the CIRP and scheduled a follow-up for filing the progress report on 31.10.2022. Case-Laws Insolvency and Bankruptcy Tue, 27 Sep 2022 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=428345