https://www.taxtmi.com/caselaws?id=273346 The Tribunal admitted the petition filed by the Financial Creditor under Section 7 of the Insolvency and Bankruptcy Code, 2016 against the Corporate Debtor. The Corporate Debtor's denial of receiving the payment was refuted by documented evidence, leading to the ruling in favor of the Financial Creditor. A Financial Debt was found due and payable, allowing the initiation of the insolvency resolution process. An Interim Resolution Professional (IRP) was appointed to oversee the proceedings and ensure compliance with statutory requirements. en-us Fri, 09 Feb 2018 00:00:00 +0530 Tue, 19 Jun 2018 17:58:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=273346 The Tribunal admitted the petition filed by the Financial Creditor under Section 7 of the Insolvency and Bankruptcy Code, 2016 against the Corporate Debtor. The Corporate Debtor's denial of receiving the payment was refuted by documented evidence, leading to the ruling in favor of the Financial Creditor. A Financial Debt was found due and payable, allowing the initiation of the insolvency resolution process. An Interim Resolution Professional (IRP) was appointed to oversee the proceedings and ensure compliance with statutory requirements. Case-Laws Insolvency and Bankruptcy Fri, 09 Feb 2018 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=273346