https://www.taxtmi.com/caselaws?id=348691 The tribunal admitted the application under Section 9 of the Insolvency and Bankruptcy Code, 2016, for initiating the Corporate Insolvency Resolution Process against the corporate debtor. A moratorium was issued under Section 14 of the Code, appointing an Interim Resolution Professional to oversee the resolution process. The tribunal rejected the corporate debtor's claims of an oral settlement and deficiencies in the demand notice, citing lack of substantiating evidence. The operational creditor was granted relief, and essential services to the corporate debtor were to continue during the moratorium period. en-us Thu, 24 Aug 2017 00:00:00 +0530 Wed, 03 Jan 2018 12:11:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=348691 The tribunal admitted the application under Section 9 of the Insolvency and Bankruptcy Code, 2016, for initiating the Corporate Insolvency Resolution Process against the corporate debtor. A moratorium was issued under Section 14 of the Code, appointing an Interim Resolution Professional to oversee the resolution process. The tribunal rejected the corporate debtor's claims of an oral settlement and deficiencies in the demand notice, citing lack of substantiating evidence. The operational creditor was granted relief, and essential services to the corporate debtor were to continue during the moratorium period. Case-Laws Insolvency and Bankruptcy Thu, 24 Aug 2017 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=348691