https://www.taxtmi.com/caselaws?id=304746 The National Company Law Tribunal in Allahabad admitted the petition for the initiation of Corporate Insolvency Resolution Process under the Insolvency & Bankruptcy Code, 2016. The court found the petition complete and within the limitation period, rejecting the Corporate Debtor's claims of non-receipt of demand notices and lack of communication. An Interim Resolution Professional was appointed, and a moratorium was imposed under section 14 of the IBC. Various directions were issued for public announcement, submission of reports, and deposit for expenses during the resolution process, ensuring compliance with statutory requirements and legal principles governing insolvency proceedings. en-us Mon, 23 May 2022 00:00:00 +0530 Tue, 18 Oct 2022 21:28:56 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=304746 The National Company Law Tribunal in Allahabad admitted the petition for the initiation of Corporate Insolvency Resolution Process under the Insolvency & Bankruptcy Code, 2016. The court found the petition complete and within the limitation period, rejecting the Corporate Debtor's claims of non-receipt of demand notices and lack of communication. An Interim Resolution Professional was appointed, and a moratorium was imposed under section 14 of the IBC. Various directions were issued for public announcement, submission of reports, and deposit for expenses during the resolution process, ensuring compliance with statutory requirements and legal principles governing insolvency proceedings. Case-Laws Insolvency and Bankruptcy Mon, 23 May 2022 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=304746