https://www.taxtmi.com/caselaws?id=375260 Claims for manpower and facility management services, supported by invoices and an unchallenged arbitral award, were treated as operational debt under the Insolvency and Bankruptcy Code, and default was held established because unpaid dues continued to subsist. The limitation objection failed because the award had attained finality and execution proceedings did not prevent insolvency action. The notice objection also failed since demand was served at the registered office recorded in corporate filings, which satisfied the statutory requirement. On that basis, the section 9 application was admitted, moratorium was imposed, and an interim resolution professional was appointed. en-us Tue, 15 Jan 2019 00:00:00 +0530 Sat, 16 Feb 2019 06:30:47 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=375260 Claims for manpower and facility management services, supported by invoices and an unchallenged arbitral award, were treated as operational debt under the Insolvency and Bankruptcy Code, and default was held established because unpaid dues continued to subsist. The limitation objection failed because the award had attained finality and execution proceedings did not prevent insolvency action. The notice objection also failed since demand was served at the registered office recorded in corporate filings, which satisfied the statutory requirement. On that basis, the section 9 application was admitted, moratorium was imposed, and an interim resolution professional was appointed. Case-Laws Insolvency and Bankruptcy Tue, 15 Jan 2019 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=375260