https://www.taxtmi.com/caselaws?id=430139 The National Company Law Tribunal, Ahmedabad Bench, admitted the application under Section 7 of the Insolvency and Bankruptcy Code, 2016 against the Corporate Debtor, a private limited company. The Tribunal found the debt due and payable, with default established, leading to the initiation of Corporate Insolvency Resolution Process. Mr. Ajay Kumar Jain was appointed as the Insolvency Resolution Professional, and the Applicant was directed to deposit Rs. 2.00 lacs for expenses. The moratorium under Section 14(1) of the Code was imposed on the Corporate Debtor, with compliance steps outlined for further proceedings. en-us Thu, 20 Oct 2022 00:00:00 +0530 Sat, 12 Nov 2022 09:13:55 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=430139 The National Company Law Tribunal, Ahmedabad Bench, admitted the application under Section 7 of the Insolvency and Bankruptcy Code, 2016 against the Corporate Debtor, a private limited company. The Tribunal found the debt due and payable, with default established, leading to the initiation of Corporate Insolvency Resolution Process. Mr. Ajay Kumar Jain was appointed as the Insolvency Resolution Professional, and the Applicant was directed to deposit Rs. 2.00 lacs for expenses. The moratorium under Section 14(1) of the Code was imposed on the Corporate Debtor, with compliance steps outlined for further proceedings. Case-Laws Insolvency and Bankruptcy Thu, 20 Oct 2022 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=430139