https://www.taxtmi.com/caselaws?id=343116 The Tribunal initiated the insolvency resolution process under Section 9 of the Insolvency and Bankruptcy Code, 2016, in favor of the petitioner, an Operational Creditor, against the respondent for defaulting on payments related to completed projects. The petitioner successfully demonstrated operational debt through evidence of completed work orders and dishonored cheques. The Tribunal appointed an interim resolution professional, imposed a moratorium on the Corporate Debtor, and outlined duties for the professional to ensure a successful resolution process. en-us Wed, 12 Apr 2017 00:00:00 +0530 Wed, 03 Jan 2018 12:47:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=343116 The Tribunal initiated the insolvency resolution process under Section 9 of the Insolvency and Bankruptcy Code, 2016, in favor of the petitioner, an Operational Creditor, against the respondent for defaulting on payments related to completed projects. The petitioner successfully demonstrated operational debt through evidence of completed work orders and dishonored cheques. The Tribunal appointed an interim resolution professional, imposed a moratorium on the Corporate Debtor, and outlined duties for the professional to ensure a successful resolution process. Case-Laws Insolvency and Bankruptcy Wed, 12 Apr 2017 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=343116