https://www.taxtmi.com/caselaws?id=350220 The Tribunal found the demand notice valid under Section 8 of the Insolvency and Bankruptcy Code, 2016. The petitioner was recognized as an 'Operational Creditor' due to services provided to the Corporate Debtor. A default in operational debt payment was established, leading to the appointment of an Interim Resolution Professional. A moratorium under Section 14 of the Code was declared, with specific prohibitions outlined. The petition was admitted, and the Interim Resolution Professional was tasked with initiating the insolvency resolution process in compliance with the Code. en-us Mon, 25 Sep 2017 00:00:00 +0530 Wed, 03 Jan 2018 12:04:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=350220 The Tribunal found the demand notice valid under Section 8 of the Insolvency and Bankruptcy Code, 2016. The petitioner was recognized as an 'Operational Creditor' due to services provided to the Corporate Debtor. A default in operational debt payment was established, leading to the appointment of an Interim Resolution Professional. A moratorium under Section 14 of the Code was declared, with specific prohibitions outlined. The petition was admitted, and the Interim Resolution Professional was tasked with initiating the insolvency resolution process in compliance with the Code. Case-Laws Insolvency and Bankruptcy Mon, 25 Sep 2017 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=350220