https://www.taxtmi.com/caselaws?id=377499 The Operational Creditor filed a Company Petition under Section 9 of the Insolvency & Bankruptcy Code against the Corporate Debtor for defaulting in payment. The Corporate Debtor did not dispute the outstanding amount claimed in the Demand Notice, leading to the appointment of an Interim Resolution Professional and issuance of a moratorium order. The Tribunal admitted the petition for Corporate Insolvency Resolution Process, ensuring continuity of essential services and specifying the moratorium period until resolution completion. The judgment emphasized the need for genuine disputes and rejected the Corporate Debtor's post-demand notice dispute as unsustainable. en-us Tue, 16 Oct 2018 00:00:00 +0530 Sat, 30 Mar 2019 08:22:34 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=377499 The Operational Creditor filed a Company Petition under Section 9 of the Insolvency & Bankruptcy Code against the Corporate Debtor for defaulting in payment. The Corporate Debtor did not dispute the outstanding amount claimed in the Demand Notice, leading to the appointment of an Interim Resolution Professional and issuance of a moratorium order. The Tribunal admitted the petition for Corporate Insolvency Resolution Process, ensuring continuity of essential services and specifying the moratorium period until resolution completion. The judgment emphasized the need for genuine disputes and rejected the Corporate Debtor's post-demand notice dispute as unsustainable. Case-Laws Insolvency and Bankruptcy Tue, 16 Oct 2018 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=377499