https://www.taxtmi.com/caselaws?id=428503 The petition was allowed, and the Tribunal admitted it for initiating the Corporate Insolvency Resolution Process (CIRP). The demand notice was deemed properly served, the operational debt was found undisputed, and the application was filed within the limitation period. The completeness of the application was confirmed, satisfying the conditions under Section 9 of the Insolvency and Bankruptcy Code. The Tribunal appointed an Interim Resolution Professional (IRP) and declared a moratorium, including various protective measures. The petitioner was directed to deposit funds with the IRP for immediate CIRP expenses. en-us Thu, 29 Sep 2022 00:00:00 +0530 Mon, 03 Oct 2022 08:56:28 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=428503 The petition was allowed, and the Tribunal admitted it for initiating the Corporate Insolvency Resolution Process (CIRP). The demand notice was deemed properly served, the operational debt was found undisputed, and the application was filed within the limitation period. The completeness of the application was confirmed, satisfying the conditions under Section 9 of the Insolvency and Bankruptcy Code. The Tribunal appointed an Interim Resolution Professional (IRP) and declared a moratorium, including various protective measures. The petitioner was directed to deposit funds with the IRP for immediate CIRP expenses. Case-Laws Insolvency and Bankruptcy Thu, 29 Sep 2022 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=428503