https://www.taxtmi.com/caselaws?id=373674 The Tribunal admitted the operational creditor's application under section 9 of the Insolvency and Bankruptcy Code, 2016, initiating the corporate insolvency resolution process against the corporate debtor due to outstanding debt. Despite the corporate debtor's contentions on the demand notice and limitation period, the Tribunal found the application timely and in compliance. Consequently, the Tribunal declared a moratorium, appointed an interim resolution professional, and directed cooperation from the debtor's directors and associated persons, ensuring the commencement of the resolution process and protection of the debtor's assets. en-us Fri, 28 Sep 2018 00:00:00 +0530 Fri, 18 Jan 2019 08:01:12 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=373674 The Tribunal admitted the operational creditor's application under section 9 of the Insolvency and Bankruptcy Code, 2016, initiating the corporate insolvency resolution process against the corporate debtor due to outstanding debt. Despite the corporate debtor's contentions on the demand notice and limitation period, the Tribunal found the application timely and in compliance. Consequently, the Tribunal declared a moratorium, appointed an interim resolution professional, and directed cooperation from the debtor's directors and associated persons, ensuring the commencement of the resolution process and protection of the debtor's assets. Case-Laws Insolvency and Bankruptcy Fri, 28 Sep 2018 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=373674