https://www.taxtmi.com/caselaws?id=378913 The Tribunal admitted the application under section 9 of the Insolvency and Bankruptcy Code, 2016, for Corporate Insolvency process initiation against a private limited company due to the Corporate Debtor's failure to pay operational debt under a Brokerage Agreement. The Applicant established the debt, and despite the Corporate Debtor's admission of liability citing financial stress, the Tribunal found the application complete and admitted it. An Interim Resolution Professional (IRP) was appointed, and a moratorium under Section 14(1) of the Code was imposed, prohibiting certain actions by the Corporate Debtor during the moratorium period. en-us Tue, 19 Mar 2019 00:00:00 +0530 Wed, 24 Apr 2019 09:11:05 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=378913 The Tribunal admitted the application under section 9 of the Insolvency and Bankruptcy Code, 2016, for Corporate Insolvency process initiation against a private limited company due to the Corporate Debtor's failure to pay operational debt under a Brokerage Agreement. The Applicant established the debt, and despite the Corporate Debtor's admission of liability citing financial stress, the Tribunal found the application complete and admitted it. An Interim Resolution Professional (IRP) was appointed, and a moratorium under Section 14(1) of the Code was imposed, prohibiting certain actions by the Corporate Debtor during the moratorium period. Case-Laws Insolvency and Bankruptcy Tue, 19 Mar 2019 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=378913