https://www.taxtmi.com/caselaws?id=347139 The Tribunal admitted the petition for the initiation of Corporate Insolvency Resolution Process against the Corporate Debtor, declaring a moratorium and appointing an Insolvency Professional as the Interim Resolution Professional. The Tribunal found the dispute raised by the Corporate Debtor regarding the quality of goods supplied to be belated and not genuine, concluding that it was an afterthought to avoid payment. Consequently, the petition was deemed maintainable, and further directions were scheduled for 24.04.2017. en-us Fri, 07 Apr 2017 00:00:00 +0530 Wed, 03 Jan 2018 12:21:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=347139 The Tribunal admitted the petition for the initiation of Corporate Insolvency Resolution Process against the Corporate Debtor, declaring a moratorium and appointing an Insolvency Professional as the Interim Resolution Professional. The Tribunal found the dispute raised by the Corporate Debtor regarding the quality of goods supplied to be belated and not genuine, concluding that it was an afterthought to avoid payment. Consequently, the petition was deemed maintainable, and further directions were scheduled for 24.04.2017. Case-Laws Insolvency and Bankruptcy Fri, 07 Apr 2017 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=347139