https://www.taxtmi.com/caselaws?id=282991 The Tribunal ruled in favor of the applicant, confirming the authority of the person filing the application under Section 9 of the I&B Code, 2016, without requiring a specific Board resolution for issuing a demand notice. The objections raised by the respondent were deemed meritless, and the Tribunal found a clear case of default based on evidence of outstanding debt. An interim insolvency professional was appointed to oversee the corporate insolvency resolution process, ensuring compliance with legal procedures and protecting the debtor's assets during the resolution. en-us Tue, 06 Jun 2017 00:00:00 +0530 Mon, 02 Sep 2019 17:49:47 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=282991 The Tribunal ruled in favor of the applicant, confirming the authority of the person filing the application under Section 9 of the I&B Code, 2016, without requiring a specific Board resolution for issuing a demand notice. The objections raised by the respondent were deemed meritless, and the Tribunal found a clear case of default based on evidence of outstanding debt. An interim insolvency professional was appointed to oversee the corporate insolvency resolution process, ensuring compliance with legal procedures and protecting the debtor's assets during the resolution. Case-Laws Insolvency and Bankruptcy Tue, 06 Jun 2017 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=282991