https://www.taxtmi.com/caselaws?id=306667 The Tribunal admitted the application under Section 7 of the Insolvency and Bankruptcy Code, 2016, despite pending winding-up proceedings. The financial creditor's claims for default on assured returns led to the initiation of Corporate Insolvency Resolution Process (CIRP) against the corporate debtor. The Tribunal found the application compliant with procedural requirements, appointed an Interim Resolution Professional, declared a moratorium under Section 14 of the Code, and directed necessary steps for the resolution process. en-us Thu, 12 Sep 2019 00:00:00 +0530 Sat, 18 Feb 2023 06:44:34 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=306667 The Tribunal admitted the application under Section 7 of the Insolvency and Bankruptcy Code, 2016, despite pending winding-up proceedings. The financial creditor's claims for default on assured returns led to the initiation of Corporate Insolvency Resolution Process (CIRP) against the corporate debtor. The Tribunal found the application compliant with procedural requirements, appointed an Interim Resolution Professional, declared a moratorium under Section 14 of the Code, and directed necessary steps for the resolution process. Case-Laws Insolvency and Bankruptcy Thu, 12 Sep 2019 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=306667