https://www.taxtmi.com/caselaws?id=386255 The Tribunal admitted the petition filed by the Operational Creditor under Section 9 of the Insolvency and Bankruptcy Code, 2016 against the Corporate Debtor due to an undisputed debt exceeding Rs. 1 lakh. The respondent's arguments regarding interest amount, willful default, and quality of goods supplied were considered but deemed insufficient to prevent the initiation of the Corporate Insolvency Resolution Process. The Tribunal appointed an Insolvency Resolution Professional, imposed a moratorium, and scheduled further proceedings to resolve the outstanding debt and financial issues between the parties. en-us Mon, 11 Mar 2019 00:00:00 +0530 Wed, 25 Sep 2019 07:49:37 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=386255 The Tribunal admitted the petition filed by the Operational Creditor under Section 9 of the Insolvency and Bankruptcy Code, 2016 against the Corporate Debtor due to an undisputed debt exceeding Rs. 1 lakh. The respondent's arguments regarding interest amount, willful default, and quality of goods supplied were considered but deemed insufficient to prevent the initiation of the Corporate Insolvency Resolution Process. The Tribunal appointed an Insolvency Resolution Professional, imposed a moratorium, and scheduled further proceedings to resolve the outstanding debt and financial issues between the parties. Case-Laws Insolvency and Bankruptcy Mon, 11 Mar 2019 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=386255