https://www.taxtmi.com/caselaws?id=428454 The Tribunal admitted the application for initiating Corporate Insolvency Resolution Process (CIRP) against the Corporate Debtor, holding that the petition was within the limitation period due to continuous acknowledgments of debt. A moratorium was ordered under Section 14 of the Insolvency and Bankruptcy Code, and an Interim Resolution Professional (IRP) was appointed. The Financial Creditor was directed to deposit funds with the IRP for expenses. The Corporate Debtor was instructed to provide necessary documents to the IRP promptly. The case was scheduled for a periodical report filing in December 2022. en-us Wed, 21 Sep 2022 00:00:00 +0530 Fri, 30 Sep 2022 19:55:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=428454 The Tribunal admitted the application for initiating Corporate Insolvency Resolution Process (CIRP) against the Corporate Debtor, holding that the petition was within the limitation period due to continuous acknowledgments of debt. A moratorium was ordered under Section 14 of the Insolvency and Bankruptcy Code, and an Interim Resolution Professional (IRP) was appointed. The Financial Creditor was directed to deposit funds with the IRP for expenses. The Corporate Debtor was instructed to provide necessary documents to the IRP promptly. The case was scheduled for a periodical report filing in December 2022. Case-Laws Insolvency and Bankruptcy Wed, 21 Sep 2022 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=428454