https://www.taxtmi.com/caselaws?id=342186 The Tribunal admitted the Operational Creditor's petition under sections 8 & 9 of the I&B Code, declaring a moratorium and appointing an interim resolution professional. The Corporate Debtor's disputes regarding construction quality and timelines were deemed unsustainable as they were raised post-notice issuance without prior legal action, leading to the acceptance of the petition due to the outstanding debt. The moratorium imposed halted legal actions against the Corporate Debtor, ensuring uninterrupted essential services until the completion of the insolvency resolution process or liquidation. en-us Mon, 06 Mar 2017 00:00:00 +0530 Wed, 03 Jan 2018 12:47:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=342186 The Tribunal admitted the Operational Creditor's petition under sections 8 & 9 of the I&B Code, declaring a moratorium and appointing an interim resolution professional. The Corporate Debtor's disputes regarding construction quality and timelines were deemed unsustainable as they were raised post-notice issuance without prior legal action, leading to the acceptance of the petition due to the outstanding debt. The moratorium imposed halted legal actions against the Corporate Debtor, ensuring uninterrupted essential services until the completion of the insolvency resolution process or liquidation. Case-Laws Insolvency and Bankruptcy Mon, 06 Mar 2017 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=342186