https://www.taxtmi.com/caselaws?id=196511 The Tribunal admitted the Application under Section 9 of the Insolvency and Bankruptcy Code, 2016, initiating the Corporate Insolvency Resolution Process against the Corporate Debtor for defaulting on an outstanding debt related to an Arbitral Award. The High Court upheld the validity of the Arbitral Award, dismissing the Corporate Debtor's challenges. The Tribunal found the Application compliant with the Code, appointed an Interim Resolution Professional, and declared a moratorium to facilitate the resolution process, ultimately ruling in favor of the Operational Creditor. en-us Thu, 10 Aug 2017 00:00:00 +0530 Wed, 03 Jan 2018 12:50:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=196511 The Tribunal admitted the Application under Section 9 of the Insolvency and Bankruptcy Code, 2016, initiating the Corporate Insolvency Resolution Process against the Corporate Debtor for defaulting on an outstanding debt related to an Arbitral Award. The High Court upheld the validity of the Arbitral Award, dismissing the Corporate Debtor's challenges. The Tribunal found the Application compliant with the Code, appointed an Interim Resolution Professional, and declared a moratorium to facilitate the resolution process, ultimately ruling in favor of the Operational Creditor. Case-Laws Insolvency and Bankruptcy Thu, 10 Aug 2017 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=196511