https://www.taxtmi.com/caselaws?id=283238 The Tribunal admitted the petition under Section 9 of the Insolvency and Bankruptcy Code, 2016, declaring a moratorium and appointing an Interim Resolution Professional. It found that the Operational Creditor established the debt and default by the Corporate Debtor, dismissing the argument of a genuine pre-existing dispute. The order imposed prohibitions on suits, recovery actions, and supply termination against the Corporate Debtor during the moratorium. The Tribunal directed a public announcement of the Corporate Insolvency Resolution Process and specified the moratorium's duration until process completion or resolution plan approval. en-us Tue, 12 Feb 2019 00:00:00 +0530 Fri, 13 Sep 2019 18:14:05 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=283238 The Tribunal admitted the petition under Section 9 of the Insolvency and Bankruptcy Code, 2016, declaring a moratorium and appointing an Interim Resolution Professional. It found that the Operational Creditor established the debt and default by the Corporate Debtor, dismissing the argument of a genuine pre-existing dispute. The order imposed prohibitions on suits, recovery actions, and supply termination against the Corporate Debtor during the moratorium. The Tribunal directed a public announcement of the Corporate Insolvency Resolution Process and specified the moratorium's duration until process completion or resolution plan approval. Case-Laws Insolvency and Bankruptcy Tue, 12 Feb 2019 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=283238