https://www.taxtmi.com/caselaws?id=375874 The Tribunal admitted the application under Section 9 of the Insolvency & Bankruptcy Code, 2016, allowing the initiation of Corporate Insolvency Resolution Process against the Corporate Debtor. The Operational Creditor's claim for outstanding debt was upheld as the Corporate Debtor failed to pay, leading to the declaration of a moratorium and appointment of an Interim Resolution Professional to oversee the resolution process. The Corporate Debtor's directors and management were directed to cooperate with the IRP, and the Registry was tasked with notifying all relevant parties of the order. en-us Fri, 25 Jan 2019 00:00:00 +0530 Wed, 27 Feb 2019 06:57:20 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=375874 The Tribunal admitted the application under Section 9 of the Insolvency & Bankruptcy Code, 2016, allowing the initiation of Corporate Insolvency Resolution Process against the Corporate Debtor. The Operational Creditor's claim for outstanding debt was upheld as the Corporate Debtor failed to pay, leading to the declaration of a moratorium and appointment of an Interim Resolution Professional to oversee the resolution process. The Corporate Debtor's directors and management were directed to cooperate with the IRP, and the Registry was tasked with notifying all relevant parties of the order. Case-Laws Insolvency and Bankruptcy Fri, 25 Jan 2019 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=375874