https://www.taxtmi.com/caselaws?id=429680 The Tribunal admitted the Operational Creditor's application for initiating Corporate Insolvency Resolution Process (CIRP) against the Corporate Debtor. A moratorium was declared under Section 14 of the Insolvency and Bankruptcy Code, 2016, prohibiting suits, asset transfer, or recovery. Mr. Yogesh Gupta was appointed as the Interim Resolution Professional, with management vested in him during CIRP. The Operational Creditor was directed to deposit Rs. 4,00,000/- for expenses. The case was set for a periodical report filing on 30 November 2022. en-us Fri, 28 Oct 2022 00:00:00 +0530 Thu, 03 Nov 2022 09:04:26 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=429680 The Tribunal admitted the Operational Creditor's application for initiating Corporate Insolvency Resolution Process (CIRP) against the Corporate Debtor. A moratorium was declared under Section 14 of the Insolvency and Bankruptcy Code, 2016, prohibiting suits, asset transfer, or recovery. Mr. Yogesh Gupta was appointed as the Interim Resolution Professional, with management vested in him during CIRP. The Operational Creditor was directed to deposit Rs. 4,00,000/- for expenses. The case was set for a periodical report filing on 30 November 2022. Case-Laws Insolvency and Bankruptcy Fri, 28 Oct 2022 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=429680