https://www.taxtmi.com/caselaws?id=349141 The Tribunal admitted the application under sub-section (5) of Section 9 of the IB Code, appointing an Interim Insolvency Resolution Professional and imposing a moratorium under Section 13(1)(a) of the IB Code. The disputes raised by the Respondent were deemed to pertain to the cheque signatory's authority rather than the debt's existence, with reconciliation offers indicating no substantial dispute. Compliance with Section 9(c) was found adequate, leading to the conclusion that the application was complete. The moratorium included prohibitions on legal actions against the corporate debtor and asset transactions until the completion of the Corporate Insolvency Resolution Process. en-us Mon, 04 Sep 2017 00:00:00 +0530 Wed, 03 Jan 2018 12:10:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=349141 The Tribunal admitted the application under sub-section (5) of Section 9 of the IB Code, appointing an Interim Insolvency Resolution Professional and imposing a moratorium under Section 13(1)(a) of the IB Code. The disputes raised by the Respondent were deemed to pertain to the cheque signatory's authority rather than the debt's existence, with reconciliation offers indicating no substantial dispute. Compliance with Section 9(c) was found adequate, leading to the conclusion that the application was complete. The moratorium included prohibitions on legal actions against the corporate debtor and asset transactions until the completion of the Corporate Insolvency Resolution Process. Case-Laws Insolvency and Bankruptcy Mon, 04 Sep 2017 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=349141