https://www.taxtmi.com/caselaws?id=428642 The Tribunal admitted the petition under Section 7 of the Insolvency and Bankruptcy Code, declared a moratorium, and appointed an Interim Resolution Professional. Despite the Corporate Debtor's failure to respond, the Financial Creditor's evidence, including loan agreements and correspondence, established the debt. The Tribunal found the Corporate Debtor in default and directed various actions to initiate the Corporate Insolvency Resolution Process, ensuring continuity of essential services and allocating expenses for the process. en-us Tue, 13 Sep 2022 00:00:00 +0530 Tue, 04 Oct 2022 18:46:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=428642 The Tribunal admitted the petition under Section 7 of the Insolvency and Bankruptcy Code, declared a moratorium, and appointed an Interim Resolution Professional. Despite the Corporate Debtor's failure to respond, the Financial Creditor's evidence, including loan agreements and correspondence, established the debt. The Tribunal found the Corporate Debtor in default and directed various actions to initiate the Corporate Insolvency Resolution Process, ensuring continuity of essential services and allocating expenses for the process. Case-Laws Insolvency and Bankruptcy Tue, 13 Sep 2022 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=428642