https://www.taxtmi.com/caselaws?id=429631 The Tribunal admitted the Corporate Debtor into Corporate Insolvency Resolution Process, declaring a moratorium under Section 14 of the Insolvency and Bankruptcy Code. An Interim Resolution Professional was appointed to manage the resolution process, with specific directives to protect the Corporate Debtor's property and operations. The Financial Creditor was instructed to make an advance payment for the resolution process, and further procedures were outlined. The decision was based on establishing the Corporate Debtor's default on the financial debt, leading to the initiation of the resolution process to safeguard the interests of all parties involved. en-us Fri, 14 Oct 2022 00:00:00 +0530 Wed, 02 Nov 2022 09:11:48 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=429631 The Tribunal admitted the Corporate Debtor into Corporate Insolvency Resolution Process, declaring a moratorium under Section 14 of the Insolvency and Bankruptcy Code. An Interim Resolution Professional was appointed to manage the resolution process, with specific directives to protect the Corporate Debtor's property and operations. The Financial Creditor was instructed to make an advance payment for the resolution process, and further procedures were outlined. The decision was based on establishing the Corporate Debtor's default on the financial debt, leading to the initiation of the resolution process to safeguard the interests of all parties involved. Case-Laws Insolvency and Bankruptcy Fri, 14 Oct 2022 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=429631