https://www.taxtmi.com/caselaws?id=430504 The Tribunal admitted the Company Petition for the initiation of Corporate Insolvency Resolution Process against the Corporate Debtor due to the Respondent's failure to respond or clear the outstanding dues of Rs. 47,96,754. The Respondent did not contest the claims, resulting in the Company Petition meeting the legal requirements for admission. An Insolvency Professional was appointed, and various directions were issued to manage the Corporate Debtor during the CIRP period, including the imposition of a moratorium and continuation of essential services. en-us Fri, 14 Oct 2022 00:00:00 +0530 Mon, 21 Nov 2022 09:53:51 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=430504 The Tribunal admitted the Company Petition for the initiation of Corporate Insolvency Resolution Process against the Corporate Debtor due to the Respondent's failure to respond or clear the outstanding dues of Rs. 47,96,754. The Respondent did not contest the claims, resulting in the Company Petition meeting the legal requirements for admission. An Insolvency Professional was appointed, and various directions were issued to manage the Corporate Debtor during the CIRP period, including the imposition of a moratorium and continuation of essential services. Case-Laws Insolvency and Bankruptcy Fri, 14 Oct 2022 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=430504