https://www.taxtmi.com/caselaws?id=386421 The application filed under Section 9 of the Insolvency and Bankruptcy Code, 2016 by an operational creditor against a corporate debtor was successful. The operational debt exceeding Rs. 1.00 lac was established with documentary evidence, and the respondent did not dispute the claim. An Interim Insolvency Professional was appointed, and a moratorium under Section 14 of the Code was declared, protecting the corporate debtor from certain actions. The application was admitted, ensuring the continuation of essential services, with the moratorium to remain in effect until the resolution process concludes or liquidation is ordered. en-us Fri, 05 Jul 2019 00:00:00 +0530 Sat, 28 Sep 2019 07:44:58 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=386421 The application filed under Section 9 of the Insolvency and Bankruptcy Code, 2016 by an operational creditor against a corporate debtor was successful. The operational debt exceeding Rs. 1.00 lac was established with documentary evidence, and the respondent did not dispute the claim. An Interim Insolvency Professional was appointed, and a moratorium under Section 14 of the Code was declared, protecting the corporate debtor from certain actions. The application was admitted, ensuring the continuation of essential services, with the moratorium to remain in effect until the resolution process concludes or liquidation is ordered. Case-Laws Insolvency and Bankruptcy Fri, 05 Jul 2019 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=386421