https://www.taxtmi.com/caselaws?id=362367 The Tribunal admitted the Operational Creditor's petition under Section 9 of the Insolvency and Bankruptcy Code, 2016 against the Corporate Debtor for outstanding payments. Despite acknowledgment of some dues by the Corporate Debtor, returned cheques and lack of response led to the initiation of the Corporate Insolvency Resolution Process. The Tribunal appointed an interim resolution professional and imposed a moratorium under Section 14(1) of the IBC, 2016, allowing the resolution process to proceed while restricting actions against the Corporate Debtor. en-us Thu, 26 Apr 2018 00:00:00 +0530 Sat, 23 Jun 2018 08:36:26 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=362367 The Tribunal admitted the Operational Creditor's petition under Section 9 of the Insolvency and Bankruptcy Code, 2016 against the Corporate Debtor for outstanding payments. Despite acknowledgment of some dues by the Corporate Debtor, returned cheques and lack of response led to the initiation of the Corporate Insolvency Resolution Process. The Tribunal appointed an interim resolution professional and imposed a moratorium under Section 14(1) of the IBC, 2016, allowing the resolution process to proceed while restricting actions against the Corporate Debtor. Case-Laws Insolvency and Bankruptcy Thu, 26 Apr 2018 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=362367