https://www.taxtmi.com/caselaws?id=456009 The NCLT Bengaluru admitted an application for initiating CIRP against a corporate debtor who defaulted on payment for transport services. The operational creditor's petition was filed in accordance with the Code provisions, with the debt and default being undisputed and admitted by the respondent. The tribunal appointed the suggested qualified resolution professional as IRP after verifying his eligibility and consent, and declared a moratorium on the corporate debtor's assets. en-us Mon, 02 Mar 2020 00:00:00 +0530 Fri, 21 Jun 2024 08:14:47 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=456009 The NCLT Bengaluru admitted an application for initiating CIRP against a corporate debtor who defaulted on payment for transport services. The operational creditor's petition was filed in accordance with the Code provisions, with the debt and default being undisputed and admitted by the respondent. The tribunal appointed the suggested qualified resolution professional as IRP after verifying his eligibility and consent, and declared a moratorium on the corporate debtor's assets. Case-Laws Insolvency and Bankruptcy Mon, 02 Mar 2020 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=456009