https://www.taxtmi.com/caselaws?id=429251 The tribunal confirmed proper service of the demand notice, found no dispute regarding the operational debt, accepted the application filed within the limitation period, verified the completeness of the application, admitted the Corporate Insolvency Resolution Process (CIRP) due to undisputed liability, appointed a new Interim Resolution Professional (IRP), and directed a moratorium under Section 14(1) of the Code. The tribunal allowed and admitted the petition for CIRP, directed the petitioner to deposit Rs. 50,000 with the IRP for immediate CIRP expenses, and communicated the order to both parties and the IRP. en-us Wed, 12 Oct 2022 00:00:00 +0530 Fri, 21 Oct 2022 07:25:12 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=429251 The tribunal confirmed proper service of the demand notice, found no dispute regarding the operational debt, accepted the application filed within the limitation period, verified the completeness of the application, admitted the Corporate Insolvency Resolution Process (CIRP) due to undisputed liability, appointed a new Interim Resolution Professional (IRP), and directed a moratorium under Section 14(1) of the Code. The tribunal allowed and admitted the petition for CIRP, directed the petitioner to deposit Rs. 50,000 with the IRP for immediate CIRP expenses, and communicated the order to both parties and the IRP. Case-Laws Insolvency and Bankruptcy Wed, 12 Oct 2022 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=429251