https://www.taxtmi.com/caselaws?id=307041 The Tribunal admitted the application filed by the financial creditor under Section 7 of the Insolvency and Bankruptcy Code, 2016, and ordered the initiation of the Corporate Insolvency Resolution Process (CIRP) against the corporate debtor. Mr. Kuresh Hatim Khambati was appointed as the Interim Resolution Professional (IRP), and a moratorium was imposed as per Section 14(1) of the Code. The Tribunal directed the financial creditor to deposit Rs. 2.00 lacs with the IRP for expenses and communicated the order to relevant parties and the Insolvency and Bankruptcy Board of India (IBBI) for updating the corporate debtor's information. en-us Tue, 20 Dec 2022 00:00:00 +0530 Tue, 14 Mar 2023 21:44:48 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=307041 The Tribunal admitted the application filed by the financial creditor under Section 7 of the Insolvency and Bankruptcy Code, 2016, and ordered the initiation of the Corporate Insolvency Resolution Process (CIRP) against the corporate debtor. Mr. Kuresh Hatim Khambati was appointed as the Interim Resolution Professional (IRP), and a moratorium was imposed as per Section 14(1) of the Code. The Tribunal directed the financial creditor to deposit Rs. 2.00 lacs with the IRP for expenses and communicated the order to relevant parties and the Insolvency and Bankruptcy Board of India (IBBI) for updating the corporate debtor's information. Case-Laws Insolvency and Bankruptcy Tue, 20 Dec 2022 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=307041