https://www.taxtmi.com/caselaws?id=363326 The Tribunal admitted the petition for the initiation of Corporate Insolvency Resolution Process (CIRP) under Section 9 of the Insolvency and Bankruptcy Code. It found that the Operational Creditor had proven the existence of debt and default by the Corporate Debtor, dismissing the disputed debit/credit notes as unsupported by valid evidence. A moratorium was declared under Section 14 of the Code, and an Interim Resolution Professional (IRP) was appointed to oversee the CIRP process. en-us Wed, 02 May 2018 00:00:00 +0530 Wed, 11 Jul 2018 07:44:53 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=363326 The Tribunal admitted the petition for the initiation of Corporate Insolvency Resolution Process (CIRP) under Section 9 of the Insolvency and Bankruptcy Code. It found that the Operational Creditor had proven the existence of debt and default by the Corporate Debtor, dismissing the disputed debit/credit notes as unsupported by valid evidence. A moratorium was declared under Section 14 of the Code, and an Interim Resolution Professional (IRP) was appointed to oversee the CIRP process. Case-Laws Insolvency and Bankruptcy Wed, 02 May 2018 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=363326