https://www.taxtmi.com/caselaws?id=367207 The Tribunal admitted the petition under Section 9 of the Insolvency and Bankruptcy Code, 2016, filed by M/s Butterfly Appliances against M/s SRK Kitchen Appliances Pvt. Ltd. for the initiation of Corporate Insolvency Resolution Process due to the Corporate Debtor's failure to clear outstanding dues of Rs. 16,42,032. The Operational Creditor provided evidence of the debt, leading to the appointment of an Interim Resolution Professional and declaration of a moratorium under Section 14 of the Code to facilitate the resolution process. The Tribunal found the Operational Creditor entitled to proceed with the insolvency resolution process against the Corporate Debtor. en-us Wed, 01 Aug 2018 00:00:00 +0530 Mon, 17 Sep 2018 07:40:52 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=367207 The Tribunal admitted the petition under Section 9 of the Insolvency and Bankruptcy Code, 2016, filed by M/s Butterfly Appliances against M/s SRK Kitchen Appliances Pvt. Ltd. for the initiation of Corporate Insolvency Resolution Process due to the Corporate Debtor's failure to clear outstanding dues of Rs. 16,42,032. The Operational Creditor provided evidence of the debt, leading to the appointment of an Interim Resolution Professional and declaration of a moratorium under Section 14 of the Code to facilitate the resolution process. The Tribunal found the Operational Creditor entitled to proceed with the insolvency resolution process against the Corporate Debtor. Case-Laws Insolvency and Bankruptcy Wed, 01 Aug 2018 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=367207