https://www.taxtmi.com/caselaws?id=305112 The Tribunal admitted the Corporate Debtor into Corporate Insolvency Resolution Process under Section 9 of the Insolvency and Bankruptcy Code. A moratorium was declared under Section 14, appointing an Interim Resolution Professional to oversee the process. The IRP was tasked with managing the company's operations, ensuring continuity, and safeguarding assets. The Operational Creditor was directed to provide funds for the resolution process. The decision was based on evidence of default and non-payment, initiating procedures to address the insolvency issue in compliance with the Code. en-us Tue, 10 Nov 2020 00:00:00 +0530 Thu, 17 Nov 2022 21:50:56 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=305112 The Tribunal admitted the Corporate Debtor into Corporate Insolvency Resolution Process under Section 9 of the Insolvency and Bankruptcy Code. A moratorium was declared under Section 14, appointing an Interim Resolution Professional to oversee the process. The IRP was tasked with managing the company's operations, ensuring continuity, and safeguarding assets. The Operational Creditor was directed to provide funds for the resolution process. The decision was based on evidence of default and non-payment, initiating procedures to address the insolvency issue in compliance with the Code. Case-Laws Insolvency and Bankruptcy Tue, 10 Nov 2020 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=305112