https://www.taxtmi.com/caselaws?id=305199 The tribunal allowed the petition and ordered the initiation of Corporate Insolvency Resolution Process (CIRP) against the Corporate Debtor. Mr. Kotoju Vasudeva Rao was appointed as the Interim Resolution Professional (IRP), a moratorium was declared, and a public announcement of CIRP initiation was directed. The petitioner was ordered to deposit Rs. 1,00,000/- with the IRP for initial CIRP expenses. The conditions for triggering CIRP were met as the debt was due and payable, with no pre-existing disputes substantiated by the Corporate Debtor, leading to the tribunal's decision. en-us Fri, 16 Sep 2022 00:00:00 +0530 Tue, 22 Nov 2022 09:01:05 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=305199 The tribunal allowed the petition and ordered the initiation of Corporate Insolvency Resolution Process (CIRP) against the Corporate Debtor. Mr. Kotoju Vasudeva Rao was appointed as the Interim Resolution Professional (IRP), a moratorium was declared, and a public announcement of CIRP initiation was directed. The petitioner was ordered to deposit Rs. 1,00,000/- with the IRP for initial CIRP expenses. The conditions for triggering CIRP were met as the debt was due and payable, with no pre-existing disputes substantiated by the Corporate Debtor, leading to the tribunal's decision. Case-Laws Insolvency and Bankruptcy Fri, 16 Sep 2022 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=305199