https://www.taxtmi.com/caselaws?id=428874 The Tribunal admitted the petition for Corporate Insolvency Resolution Process under Section 7 of the Insolvency and Bankruptcy Code, 2016, against the Corporate Debtor due to default in loan repayment. An Interim Resolution Professional was appointed, and initial CIRP costs were imposed. A moratorium on legal actions against the Corporate Debtor was declared, and essential services were to continue. Public announcement of the CIRP was mandated, and management was entrusted to the IRP. The CIRP was ordered to commence immediately. en-us Mon, 10 Oct 2022 00:00:00 +0530 Thu, 13 Oct 2022 08:27:28 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=428874 The Tribunal admitted the petition for Corporate Insolvency Resolution Process under Section 7 of the Insolvency and Bankruptcy Code, 2016, against the Corporate Debtor due to default in loan repayment. An Interim Resolution Professional was appointed, and initial CIRP costs were imposed. A moratorium on legal actions against the Corporate Debtor was declared, and essential services were to continue. Public announcement of the CIRP was mandated, and management was entrusted to the IRP. The CIRP was ordered to commence immediately. Case-Laws Insolvency and Bankruptcy Mon, 10 Oct 2022 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=428874