https://www.taxtmi.com/caselaws?id=275179 The Tribunal determined that professional services provided by a Chartered Accountant constitute "Operational Debt" under the Insolvency and Bankruptcy Code, 2016. The Petitioner's claim for non-payment of services met the criteria for debt and default under the Code. Despite the Operational Debtor's non-response, the Tribunal initiated the Corporate Insolvency Resolution Process. An Interim Resolution Professional was appointed with specified duties and responsibilities, including compliance with the Moratorium under Section 14 of the Code. The petition was admitted and disposed of according to the Tribunal's judgment. en-us Wed, 12 Apr 2017 00:00:00 +0530 Fri, 21 Sep 2018 08:22:05 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=275179 The Tribunal determined that professional services provided by a Chartered Accountant constitute "Operational Debt" under the Insolvency and Bankruptcy Code, 2016. The Petitioner's claim for non-payment of services met the criteria for debt and default under the Code. Despite the Operational Debtor's non-response, the Tribunal initiated the Corporate Insolvency Resolution Process. An Interim Resolution Professional was appointed with specified duties and responsibilities, including compliance with the Moratorium under Section 14 of the Code. The petition was admitted and disposed of according to the Tribunal's judgment. Case-Laws Insolvency and Bankruptcy Wed, 12 Apr 2017 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=275179