https://www.taxtmi.com/caselaws?id=344858 The Adjudicating Authority admitted the petition under Section 9 of The Insolvency and Bankruptcy Code, 2016, filed by the Operational Creditor against the Corporate Debtor for non-payment of an outstanding amount related to road construction work, constituting an operational debt. The Authority found evidence of default by the Corporate Debtor, proper service of the Demand Notice, and compliance with all statutory requirements by the Operational Creditor. Consequently, the Authority initiated the corporate insolvency resolution process, directing a reference to the Insolvency and Bankruptcy Board of India for appointment of an Insolvency Professional and imposing a moratorium on certain actions against the Corporate Debtor. en-us Thu, 18 May 2017 00:00:00 +0530 Wed, 03 Jan 2018 12:43:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=344858 The Adjudicating Authority admitted the petition under Section 9 of The Insolvency and Bankruptcy Code, 2016, filed by the Operational Creditor against the Corporate Debtor for non-payment of an outstanding amount related to road construction work, constituting an operational debt. The Authority found evidence of default by the Corporate Debtor, proper service of the Demand Notice, and compliance with all statutory requirements by the Operational Creditor. Consequently, the Authority initiated the corporate insolvency resolution process, directing a reference to the Insolvency and Bankruptcy Board of India for appointment of an Insolvency Professional and imposing a moratorium on certain actions against the Corporate Debtor. Case-Laws Insolvency and Bankruptcy Thu, 18 May 2017 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=344858