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    <title>2018 (11) TMI 1641 - NATIONAL COMPANY LAW TRIBUNAL, CHANDIGARH BENCH</title>
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    <description>The Tribunal admitted the petition under Section 9 of the Insolvency and Bankruptcy Code, 2016, finding the operational debt and default established. It initiated the Corporate Insolvency Resolution Process, declared a moratorium, and appointed an Interim Resolution Professional to manage the proceedings. The respondent&#039;s contentions regarding pre-existing disputes and the validity of the demand notice were dismissed, leading to the Tribunal&#039;s decision in favor of the operational creditor.</description>
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