https://www.taxtmi.com/caselaws?id=355310 The National Company Law Tribunal, Chandigarh Bench, found jurisdiction in a case involving supply of goods and outstanding payment, where a balance default amount of Rs. 70,33,514.60 existed. The respondent did not respond to the demand notice under the Insolvency and Bankruptcy Code, 2016, leading to the initiation of insolvency resolution proceedings. The Tribunal appointed Mr. Sanjay Kumar Aggarwal as the Interim Resolution Professional, declared a moratorium, and issued specific directions for managing the corporate debtor's affairs. en-us Mon, 08 Jan 2018 00:00:00 +0530 Tue, 13 Feb 2018 06:17:17 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=355310 The National Company Law Tribunal, Chandigarh Bench, found jurisdiction in a case involving supply of goods and outstanding payment, where a balance default amount of Rs. 70,33,514.60 existed. The respondent did not respond to the demand notice under the Insolvency and Bankruptcy Code, 2016, leading to the initiation of insolvency resolution proceedings. The Tribunal appointed Mr. Sanjay Kumar Aggarwal as the Interim Resolution Professional, declared a moratorium, and issued specific directions for managing the corporate debtor's affairs. Case-Laws Insolvency and Bankruptcy Mon, 08 Jan 2018 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=355310