https://www.taxtmi.com/caselaws?id=362764 The Tribunal admitted the application for the initiation of Corporate Insolvency Resolution Process (CIRP) against the Corporate Debtor by the Operational Creditor for outstanding dues. The Corporate Debtor's arguments regarding disputes, penalties, and termination of services were not accepted. An Interim Resolution Professional was appointed, and a moratorium was imposed under Section 14 of the Insolvency and Bankruptcy Code, prohibiting legal actions against the Corporate Debtor. The Operational Creditor was deemed entitled to claim dues, and the application was successful. en-us Thu, 26 Apr 2018 00:00:00 +0530 Tue, 03 Jul 2018 07:23:19 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=362764 The Tribunal admitted the application for the initiation of Corporate Insolvency Resolution Process (CIRP) against the Corporate Debtor by the Operational Creditor for outstanding dues. The Corporate Debtor's arguments regarding disputes, penalties, and termination of services were not accepted. An Interim Resolution Professional was appointed, and a moratorium was imposed under Section 14 of the Insolvency and Bankruptcy Code, prohibiting legal actions against the Corporate Debtor. The Operational Creditor was deemed entitled to claim dues, and the application was successful. Case-Laws Insolvency and Bankruptcy Thu, 26 Apr 2018 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=362764