https://www.taxtmi.com/caselaws?id=371194 The Tribunal admitted the petition under Section 9 of the IBC, declaring a moratorium and appointing an IRP. The Corporate Debtor's contentions regarding the validity of the LOI, the requirement of a Performance Bank Guarantee, and the dispute over the amount claimed were not upheld. The Tribunal found that the Operational Creditor was entitled to the claimed amount and interest for delayed payment. en-us Fri, 05 Oct 2018 00:00:00 +0530 Fri, 30 Nov 2018 07:23:43 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=371194 The Tribunal admitted the petition under Section 9 of the IBC, declaring a moratorium and appointing an IRP. The Corporate Debtor's contentions regarding the validity of the LOI, the requirement of a Performance Bank Guarantee, and the dispute over the amount claimed were not upheld. The Tribunal found that the Operational Creditor was entitled to the claimed amount and interest for delayed payment. Case-Laws Insolvency and Bankruptcy Fri, 05 Oct 2018 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=371194