https://www.taxtmi.com/caselaws?id=428824 The Tribunal admitted the Application under Section 9 of the Insolvency and Bankruptcy Code, 2016, initiating the Corporate Insolvency Resolution Process against the Corporate Debtor for non-payment of dues. An ex-parte order was issued due to the Corporate Debtor's non-appearance despite notices. The Tribunal clarified the threshold amount for initiating CIRP and appointed an Interim Resolution Professional to manage the Corporate Debtor. A moratorium was declared, and operational procedures were outlined for the resolution process. Compliance with the Code provisions was emphasized throughout the proceedings. en-us Fri, 09 Sep 2022 00:00:00 +0530 Tue, 11 Oct 2022 20:50:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=428824 The Tribunal admitted the Application under Section 9 of the Insolvency and Bankruptcy Code, 2016, initiating the Corporate Insolvency Resolution Process against the Corporate Debtor for non-payment of dues. An ex-parte order was issued due to the Corporate Debtor's non-appearance despite notices. The Tribunal clarified the threshold amount for initiating CIRP and appointed an Interim Resolution Professional to manage the Corporate Debtor. A moratorium was declared, and operational procedures were outlined for the resolution process. Compliance with the Code provisions was emphasized throughout the proceedings. Case-Laws Insolvency and Bankruptcy Fri, 09 Sep 2022 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=428824