https://www.taxtmi.com/caselaws?id=382408 The National Company Law Tribunal, Ahmedabad Bench, admitted the application under Section 9 of the Insolvency and Bankruptcy Code, finding the operational creditor's claim valid due to the corporate debtor's default in payment despite a settlement agreement. The tribunal initiated the insolvency resolution process, appointing an interim resolution professional and declaring a moratorium to protect the corporate debtor. The moratorium's effects were outlined, with specific exceptions for certain transactions, until the completion of the insolvency resolution process or further orders were issued. en-us Thu, 02 May 2019 00:00:00 +0530 Wed, 03 Jul 2019 07:49:22 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=382408 The National Company Law Tribunal, Ahmedabad Bench, admitted the application under Section 9 of the Insolvency and Bankruptcy Code, finding the operational creditor's claim valid due to the corporate debtor's default in payment despite a settlement agreement. The tribunal initiated the insolvency resolution process, appointing an interim resolution professional and declaring a moratorium to protect the corporate debtor. The moratorium's effects were outlined, with specific exceptions for certain transactions, until the completion of the insolvency resolution process or further orders were issued. Case-Laws Insolvency and Bankruptcy Thu, 02 May 2019 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=382408