https://www.taxtmi.com/caselaws?id=429733 The petition was admitted, and the Corporate Insolvency Resolution Process (CIRP) was initiated by the Chandigarh Bench of the National Company Law Tribunal (NCLT) against the Corporate Debtor. An Interim Resolution Professional (IRP) was appointed with specific directions to manage the affairs of the Corporate Debtor. A moratorium was declared, prohibiting certain actions against the Corporate Debtor and ensuring the supply of essential goods or services continued uninterrupted. The Financial Creditor was directed to deposit funds for expenses. The order aimed to ensure compliance with the Insolvency and Bankruptcy Code (IBC) and protect the interests of all stakeholders. en-us Tue, 01 Nov 2022 00:00:00 +0530 Fri, 04 Nov 2022 08:51:11 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=429733 The petition was admitted, and the Corporate Insolvency Resolution Process (CIRP) was initiated by the Chandigarh Bench of the National Company Law Tribunal (NCLT) against the Corporate Debtor. An Interim Resolution Professional (IRP) was appointed with specific directions to manage the affairs of the Corporate Debtor. A moratorium was declared, prohibiting certain actions against the Corporate Debtor and ensuring the supply of essential goods or services continued uninterrupted. The Financial Creditor was directed to deposit funds for expenses. The order aimed to ensure compliance with the Insolvency and Bankruptcy Code (IBC) and protect the interests of all stakeholders. Case-Laws Insolvency and Bankruptcy Tue, 01 Nov 2022 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=429733