https://www.taxtmi.com/caselaws?id=360715 The Tribunal granted the petition filed by the operational creditor seeking corporate insolvency resolution against the corporate debtor under Sec. 9 of the Insolvency and Bankruptcy Code 2016. The Tribunal found the operational debt established by the creditor fell under the definition of operational debt as per Section 5(21) of the Code. The Adjudicating Authority admitted the application, appointing an Insolvency Professional as the Interim Resolution Professional and declared a moratorium under Section 13(1)(a) of the Code. The Tribunal ordered the moratorium and initiation of the Corporate Insolvency Resolution Process against the corporate debtor. en-us Thu, 19 Apr 2018 00:00:00 +0530 Mon, 21 May 2018 14:36:17 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=360715 The Tribunal granted the petition filed by the operational creditor seeking corporate insolvency resolution against the corporate debtor under Sec. 9 of the Insolvency and Bankruptcy Code 2016. The Tribunal found the operational debt established by the creditor fell under the definition of operational debt as per Section 5(21) of the Code. The Adjudicating Authority admitted the application, appointing an Insolvency Professional as the Interim Resolution Professional and declared a moratorium under Section 13(1)(a) of the Code. The Tribunal ordered the moratorium and initiation of the Corporate Insolvency Resolution Process against the corporate debtor. Case-Laws Insolvency and Bankruptcy Thu, 19 Apr 2018 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=360715