https://www.taxtmi.com/caselaws?id=373411 The tribunal admitted the petition filed by M/s Tata Blue Scope Steel Limited under Section 9 of the Insolvency & Bankruptcy Code, 2016, against M/s Richa Industries Limited. It validated the demand notice issued by the operational creditor, dismissing the respondent's challenge on the notice's authority. The tribunal ruled no evidence of a pre-existing dispute, citing the need to reject applications in case of genuine disputes. The appointment of Mr. Arvind Kumar as the Interim Resolution Professional was approved after rectifying initial defects in the filed form. The matter proceeded for the declaration of moratorium and formal IRP appointment. en-us Tue, 18 Dec 2018 00:00:00 +0530 Sat, 12 Jan 2019 06:48:19 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=373411 The tribunal admitted the petition filed by M/s Tata Blue Scope Steel Limited under Section 9 of the Insolvency & Bankruptcy Code, 2016, against M/s Richa Industries Limited. It validated the demand notice issued by the operational creditor, dismissing the respondent's challenge on the notice's authority. The tribunal ruled no evidence of a pre-existing dispute, citing the need to reject applications in case of genuine disputes. The appointment of Mr. Arvind Kumar as the Interim Resolution Professional was approved after rectifying initial defects in the filed form. The matter proceeded for the declaration of moratorium and formal IRP appointment. Case-Laws Insolvency and Bankruptcy Tue, 18 Dec 2018 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=373411