https://www.taxtmi.com/caselaws?id=381689 The Tribunal found that the Corporate Debtor defaulted in paying rent as per the Rental Agreement, leading to the admission of the application by Operational Creditors. Despite disputes raised by the Corporate Debtor, the Tribunal rejected these defenses. The Rent Agreement's validity was upheld based on the Principle of Estoppel, and the joint filing of the application by Operational Creditors was deemed valid. Consequently, the Tribunal admitted the application, initiating the Corporate Insolvency Resolution Process and appointing an Interim Resolution Professional to manage the Corporate Debtor's affairs in accordance with the Insolvency & Bankruptcy Code, 2016. en-us Mon, 01 Apr 2019 00:00:00 +0530 Tue, 18 Jun 2019 05:47:28 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=381689 The Tribunal found that the Corporate Debtor defaulted in paying rent as per the Rental Agreement, leading to the admission of the application by Operational Creditors. Despite disputes raised by the Corporate Debtor, the Tribunal rejected these defenses. The Rent Agreement's validity was upheld based on the Principle of Estoppel, and the joint filing of the application by Operational Creditors was deemed valid. Consequently, the Tribunal admitted the application, initiating the Corporate Insolvency Resolution Process and appointing an Interim Resolution Professional to manage the Corporate Debtor's affairs in accordance with the Insolvency & Bankruptcy Code, 2016. Case-Laws Insolvency and Bankruptcy Mon, 01 Apr 2019 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=381689