https://www.taxtmi.com/caselaws?id=383214 The Adjudicating Authority admitted the application under Section 9 of the Insolvency and Bankruptcy Code, 2016, initiating the Insolvency Resolution Process against a private limited company for operational debt related to the supply of goods. Despite the respondent's non-appearance, the Authority appointed an Interim Insolvency Professional, declared a moratorium, and directed the commencement of the resolution process. The order outlined procedural steps, including public announcements and claims submission, with the moratorium in place until resolution or liquidation. The petition was disposed of without costs, emphasizing the debt's legitimacy and default occurrence. en-us Fri, 07 Jun 2019 00:00:00 +0530 Fri, 19 Jul 2019 08:11:51 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=383214 The Adjudicating Authority admitted the application under Section 9 of the Insolvency and Bankruptcy Code, 2016, initiating the Insolvency Resolution Process against a private limited company for operational debt related to the supply of goods. Despite the respondent's non-appearance, the Authority appointed an Interim Insolvency Professional, declared a moratorium, and directed the commencement of the resolution process. The order outlined procedural steps, including public announcements and claims submission, with the moratorium in place until resolution or liquidation. The petition was disposed of without costs, emphasizing the debt's legitimacy and default occurrence. Case-Laws Insolvency and Bankruptcy Fri, 07 Jun 2019 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=383214