https://www.taxtmi.com/caselaws?id=283167 The Tribunal held that the power of attorney holder of the Operational Creditor could file the petition, considering the authority given for filing. It determined that arrears of rent constitute operational debt under the I&B Code, as letting out premises for rent falls under providing services. The Tribunal found the claimed amount to be ascertained, supported by a demand notice and settlement deed. Consequently, the petition was admitted under Section 9 of the I&B Code, initiating the Corporate Insolvency Resolution Process, with a moratorium declared and an Interim Resolution Professional appointed. en-us Fri, 05 Oct 2018 00:00:00 +0530 Wed, 11 Sep 2019 07:38:33 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=283167 The Tribunal held that the power of attorney holder of the Operational Creditor could file the petition, considering the authority given for filing. It determined that arrears of rent constitute operational debt under the I&B Code, as letting out premises for rent falls under providing services. The Tribunal found the claimed amount to be ascertained, supported by a demand notice and settlement deed. Consequently, the petition was admitted under Section 9 of the I&B Code, initiating the Corporate Insolvency Resolution Process, with a moratorium declared and an Interim Resolution Professional appointed. Case-Laws Insolvency and Bankruptcy Fri, 05 Oct 2018 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=283167