https://www.taxtmi.com/caselaws?id=272695 The National Company Law Tribunal, Chandigarh, admitted the petition under Section 9 of the Insolvency and Bankruptcy Code, 2016, filed by an operational creditor against a corporate debtor. The court declared a moratorium to prevent actions against the debtor, ensuring continuity of essential goods/services. The petitioner fulfilled all legal requirements, leading to the admission of the petition and the appointment of an Interim Insolvency Resolution Professional. The debtor's outstanding debt, confirmed by the High Court of Delhi, and compliance with Section 8 and 9 of the Code were crucial in the court's decision. en-us Wed, 28 Feb 2018 00:00:00 +0530 Mon, 14 May 2018 06:12:06 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=272695 The National Company Law Tribunal, Chandigarh, admitted the petition under Section 9 of the Insolvency and Bankruptcy Code, 2016, filed by an operational creditor against a corporate debtor. The court declared a moratorium to prevent actions against the debtor, ensuring continuity of essential goods/services. The petitioner fulfilled all legal requirements, leading to the admission of the petition and the appointment of an Interim Insolvency Resolution Professional. The debtor's outstanding debt, confirmed by the High Court of Delhi, and compliance with Section 8 and 9 of the Code were crucial in the court's decision. Case-Laws Insolvency and Bankruptcy Wed, 28 Feb 2018 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=272695