https://www.taxtmi.com/caselaws?id=380567 The Tribunal admitted the petition under Section 9 of the Insolvency & Bankruptcy Code, finding the petitioner, an operational creditor, had fulfilled the necessary requirements. The petitioner was authorized to initiate insolvency resolution against the respondent-corporate debtor, who had outstanding dues. The Tribunal directed the declaration of moratorium, appointment of an Interim Resolution Professional, and awarded the petitioner interest on the outstanding amount. Further proceedings were scheduled, with orders communicated to both parties for compliance. en-us Fri, 25 Jan 2019 00:00:00 +0530 Fri, 24 May 2019 17:57:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=380567 The Tribunal admitted the petition under Section 9 of the Insolvency & Bankruptcy Code, finding the petitioner, an operational creditor, had fulfilled the necessary requirements. The petitioner was authorized to initiate insolvency resolution against the respondent-corporate debtor, who had outstanding dues. The Tribunal directed the declaration of moratorium, appointment of an Interim Resolution Professional, and awarded the petitioner interest on the outstanding amount. Further proceedings were scheduled, with orders communicated to both parties for compliance. Case-Laws Insolvency and Bankruptcy Fri, 25 Jan 2019 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=380567