https://www.taxtmi.com/caselaws?id=281239 The Tribunal admitted the application for insolvency filed by the Operational Creditor against the Debtor for non-payment of services. The Debtor acknowledged the debt but failed to pay, leading to the application. The Tribunal found the debt and default established, with proper notice served and no dispute raised by the Debtor. An Interim Resolution Professional was appointed, triggering a Moratorium under Section 14 of the Insolvency and Bankruptcy Code. The IRP was directed to make a public announcement and comply with the Code's provisions, commencing the Corporate Insolvency Resolution Process. en-us Tue, 22 May 2018 00:00:00 +0530 Sat, 08 Jun 2019 18:03:28 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=281239 The Tribunal admitted the application for insolvency filed by the Operational Creditor against the Debtor for non-payment of services. The Debtor acknowledged the debt but failed to pay, leading to the application. The Tribunal found the debt and default established, with proper notice served and no dispute raised by the Debtor. An Interim Resolution Professional was appointed, triggering a Moratorium under Section 14 of the Insolvency and Bankruptcy Code. The IRP was directed to make a public announcement and comply with the Code's provisions, commencing the Corporate Insolvency Resolution Process. Case-Laws Insolvency and Bankruptcy Tue, 22 May 2018 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=281239