https://www.taxtmi.com/caselaws?id=429682 The tribunal admitted the petition for initiating the Corporate Insolvency Resolution Process (CIRP) against the corporate debtor. Mr. Ashish Singh was appointed as the Interim Resolution Professional (IRP) with specific directions outlined. A moratorium was imposed under Section 14 of the Code, including the suspension of suits, prohibition on asset transfer, and protection of essential goods or services supply. The petitioner was directed to deposit Rs.40,000 with the IRP for immediate CIRP expenses. en-us Mon, 31 Oct 2022 00:00:00 +0530 Thu, 03 Nov 2022 09:04:31 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=429682 The tribunal admitted the petition for initiating the Corporate Insolvency Resolution Process (CIRP) against the corporate debtor. Mr. Ashish Singh was appointed as the Interim Resolution Professional (IRP) with specific directions outlined. A moratorium was imposed under Section 14 of the Code, including the suspension of suits, prohibition on asset transfer, and protection of essential goods or services supply. The petitioner was directed to deposit Rs.40,000 with the IRP for immediate CIRP expenses. Case-Laws Insolvency and Bankruptcy Mon, 31 Oct 2022 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=429682