https://www.taxtmi.com/caselaws?id=385000 The Tribunal admitted the petition filed by an operational creditor under Section 9 of the Insolvency and Bankruptcy Code, 2016 against the respondent corporate debtor for unpaid invoices. The Tribunal appointed an Insolvency Resolution Professional, declared a moratorium under Section 14 of the Code, and directed the operational creditor to make a public announcement and deposit funds for the resolution process. The ex-management was ordered to provide necessary documents, and concerns regarding claims made by financial creditors were noted, emphasizing the Resolution Professional's role in ensuring fairness. en-us Thu, 08 Aug 2019 00:00:00 +0530 Tue, 27 Aug 2019 18:32:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=385000 The Tribunal admitted the petition filed by an operational creditor under Section 9 of the Insolvency and Bankruptcy Code, 2016 against the respondent corporate debtor for unpaid invoices. The Tribunal appointed an Insolvency Resolution Professional, declared a moratorium under Section 14 of the Code, and directed the operational creditor to make a public announcement and deposit funds for the resolution process. The ex-management was ordered to provide necessary documents, and concerns regarding claims made by financial creditors were noted, emphasizing the Resolution Professional's role in ensuring fairness. Case-Laws Insolvency and Bankruptcy Thu, 08 Aug 2019 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=385000