https://www.taxtmi.com/caselaws?id=456018 The NCLT Bengaluru admitted a petition for initiating Corporate Insolvency Resolution Process (CIRP) against the corporate debtor. The operational creditor established an outstanding debt of Rs. 25,13,97,045/- which the respondent admitted liability for but failed to repay. The tribunal found the petition compliant with legal requirements and appointed the suggested qualified resolution professional as Interim Resolution Professional. The CIRP was initiated with consequential orders against the corporate debtor. en-us Tue, 16 Apr 2019 00:00:00 +0530 Sat, 22 Jun 2024 07:16:53 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=456018 The NCLT Bengaluru admitted a petition for initiating Corporate Insolvency Resolution Process (CIRP) against the corporate debtor. The operational creditor established an outstanding debt of Rs. 25,13,97,045/- which the respondent admitted liability for but failed to repay. The tribunal found the petition compliant with legal requirements and appointed the suggested qualified resolution professional as Interim Resolution Professional. The CIRP was initiated with consequential orders against the corporate debtor. Case-Laws Insolvency and Bankruptcy Tue, 16 Apr 2019 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=456018