https://www.taxtmi.com/caselaws?id=347199 The Tribunal admitted the petition under Section 9 of the Insolvency and Bankruptcy Code, 2016, filed by the Applicant, ruling in favor of the Operational Creditor. The objections raised by the Respondent regarding a winding-up order and exchange rate calculation were deemed untenable. The debt was classified as operational, leading to the initiation of insolvency proceedings against the guarantor. The Tribunal appointed an Interim Insolvency Resolution Professional and declared a moratorium, safeguarding the Corporate Debtor during the resolution process. en-us Mon, 31 Jul 2017 00:00:00 +0530 Wed, 03 Jan 2018 12:21:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=347199 The Tribunal admitted the petition under Section 9 of the Insolvency and Bankruptcy Code, 2016, filed by the Applicant, ruling in favor of the Operational Creditor. The objections raised by the Respondent regarding a winding-up order and exchange rate calculation were deemed untenable. The debt was classified as operational, leading to the initiation of insolvency proceedings against the guarantor. The Tribunal appointed an Interim Insolvency Resolution Professional and declared a moratorium, safeguarding the Corporate Debtor during the resolution process. Case-Laws Insolvency and Bankruptcy Mon, 31 Jul 2017 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=347199