https://www.taxtmi.com/caselaws?id=380377 The Tribunal admitted the petition filed by the Operational Creditor under Section 9 of the Insolvency & Bankruptcy Code against the Corporate Debtor for an outstanding operational debt of USD 1,099,115.27 plus interest arising from a Sale Contract for Hot Rolled Steel Coils. Despite the Corporate Debtor's failure to respond to demand notices and disputes, the Tribunal found the default established, leading to the appointment of an Interim Resolution Professional to oversee the Corporate Insolvency Resolution Process. Moratorium was implemented, prohibiting legal proceedings and asset liquidation, while allowing essential supplies to continue during the resolution process. en-us Wed, 13 Mar 2019 00:00:00 +0530 Mon, 20 May 2019 07:02:19 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=380377 The Tribunal admitted the petition filed by the Operational Creditor under Section 9 of the Insolvency & Bankruptcy Code against the Corporate Debtor for an outstanding operational debt of USD 1,099,115.27 plus interest arising from a Sale Contract for Hot Rolled Steel Coils. Despite the Corporate Debtor's failure to respond to demand notices and disputes, the Tribunal found the default established, leading to the appointment of an Interim Resolution Professional to oversee the Corporate Insolvency Resolution Process. Moratorium was implemented, prohibiting legal proceedings and asset liquidation, while allowing essential supplies to continue during the resolution process. Case-Laws Insolvency and Bankruptcy Wed, 13 Mar 2019 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=380377