https://www.taxtmi.com/caselaws?id=359367 The Tribunal, in a case under Section 9 of the Insolvency and Bankruptcy Code, 2016, ruled in favor of the Operational Creditor against the Corporate Debtor. The Operational Creditor proved the debt owed through services provided, leading to the admission of the petition due to the Corporate Debtor's default. An Interim Resolution Professional was appointed, a moratorium declared, and duties outlined for the resolution process. Cooperation from all parties was stressed, with the Interim Resolution Professional tasked to safeguard the Corporate Debtor's assets as per the Tribunal's directive. en-us Mon, 26 Mar 2018 00:00:00 +0530 Sat, 28 Apr 2018 07:10:40 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=359367 The Tribunal, in a case under Section 9 of the Insolvency and Bankruptcy Code, 2016, ruled in favor of the Operational Creditor against the Corporate Debtor. The Operational Creditor proved the debt owed through services provided, leading to the admission of the petition due to the Corporate Debtor's default. An Interim Resolution Professional was appointed, a moratorium declared, and duties outlined for the resolution process. Cooperation from all parties was stressed, with the Interim Resolution Professional tasked to safeguard the Corporate Debtor's assets as per the Tribunal's directive. Case-Laws Insolvency and Bankruptcy Mon, 26 Mar 2018 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=359367