https://www.taxtmi.com/caselaws?id=344781 The Tribunal concluded that the Petitioner's claim was an 'operational debt' as evidenced by goods supplied to the Corporate Debtor. The Petitioner was recognized as an 'Operational Creditor' with a clear default by the Corporate Debtor. Despite dispute claims, the Tribunal found compliance with relevant sections of the Code and declared a moratorium under Section 13(1)(a). An Interim Resolution Professional will be appointed, and the moratorium will remain until the completion of the Corporate Insolvency Resolution Process. Further proceedings were scheduled upon receipt of the proposal from the Insolvency and Bankruptcy Board of India. en-us Wed, 24 May 2017 00:00:00 +0530 Wed, 03 Jan 2018 12:43:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=344781 The Tribunal concluded that the Petitioner's claim was an 'operational debt' as evidenced by goods supplied to the Corporate Debtor. The Petitioner was recognized as an 'Operational Creditor' with a clear default by the Corporate Debtor. Despite dispute claims, the Tribunal found compliance with relevant sections of the Code and declared a moratorium under Section 13(1)(a). An Interim Resolution Professional will be appointed, and the moratorium will remain until the completion of the Corporate Insolvency Resolution Process. Further proceedings were scheduled upon receipt of the proposal from the Insolvency and Bankruptcy Board of India. Case-Laws Insolvency and Bankruptcy Wed, 24 May 2017 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=344781