https://www.taxtmi.com/caselaws?id=428708 The Tribunal admitted the application under section 7 of the Insolvency & Bankruptcy Code, 2016, for initiating Corporate Insolvency Resolution Process (CIRP) against the Corporate Debtor. The Financial Creditor's claim of Rs. 6,86,98,545/- for default was undisputed, leading to the declaration of a moratorium under section 14 of the I&B Code. An Interim Resolution Professional was appointed to oversee the resolution process, with specific restrictions on suits, asset transfers, and enforcing security interests against the Corporate Debtor during the moratorium period. Compliance measures were established for the resolution process until its completion. en-us Tue, 04 Oct 2022 00:00:00 +0530 Sat, 08 Oct 2022 13:09:15 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=428708 The Tribunal admitted the application under section 7 of the Insolvency & Bankruptcy Code, 2016, for initiating Corporate Insolvency Resolution Process (CIRP) against the Corporate Debtor. The Financial Creditor's claim of Rs. 6,86,98,545/- for default was undisputed, leading to the declaration of a moratorium under section 14 of the I&B Code. An Interim Resolution Professional was appointed to oversee the resolution process, with specific restrictions on suits, asset transfers, and enforcing security interests against the Corporate Debtor during the moratorium period. Compliance measures were established for the resolution process until its completion. Case-Laws Insolvency and Bankruptcy Tue, 04 Oct 2022 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=428708