https://www.taxtmi.com/caselaws?id=377502 The Tribunal admitted the petition under Section 9 of the Insolvency & Bankruptcy Code, 2016, confirming the existence of debt and default by the Corporate Debtor. It established the creditor-debtor relationship between the Operational Creditor and the Corporate Debtor, dismissing attempts to imply a non-creditor-debtor relationship. Mrs. Jayashree S Iyer was appointed as the Interim Resolution Professional (IRP) for efficiency. A moratorium was declared under Section 14 of the Code to prohibit actions against the Corporate Debtor until completion of the Corporate Insolvency Resolution Process (CIRP), resolution plan approval, or liquidation order. en-us Tue, 12 Feb 2019 00:00:00 +0530 Sat, 30 Mar 2019 08:24:37 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=377502 The Tribunal admitted the petition under Section 9 of the Insolvency & Bankruptcy Code, 2016, confirming the existence of debt and default by the Corporate Debtor. It established the creditor-debtor relationship between the Operational Creditor and the Corporate Debtor, dismissing attempts to imply a non-creditor-debtor relationship. Mrs. Jayashree S Iyer was appointed as the Interim Resolution Professional (IRP) for efficiency. A moratorium was declared under Section 14 of the Code to prohibit actions against the Corporate Debtor until completion of the Corporate Insolvency Resolution Process (CIRP), resolution plan approval, or liquidation order. Case-Laws Insolvency and Bankruptcy Tue, 12 Feb 2019 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=377502