https://www.taxtmi.com/caselaws?id=386573 The Tribunal admitted the application filed under Section 9 of the Insolvency and Bankruptcy Code, 2016, initiating Corporate Insolvency against the Corporate Debtor for defaulting on payments for LED tube lights and drivers. The debt was found to be valid, within limitation, and uncontested, leading to the appointment of an Interim Resolution Professional. A moratorium was imposed under Section 14(1) of the IBC, prohibiting actions against the Corporate Debtor. The admission marked the start of the corporate insolvency resolution process, with the IRP overseeing proceedings and ensuring compliance. en-us Wed, 17 Jul 2019 00:00:00 +0530 Thu, 03 Oct 2019 06:08:46 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=386573 The Tribunal admitted the application filed under Section 9 of the Insolvency and Bankruptcy Code, 2016, initiating Corporate Insolvency against the Corporate Debtor for defaulting on payments for LED tube lights and drivers. The debt was found to be valid, within limitation, and uncontested, leading to the appointment of an Interim Resolution Professional. A moratorium was imposed under Section 14(1) of the IBC, prohibiting actions against the Corporate Debtor. The admission marked the start of the corporate insolvency resolution process, with the IRP overseeing proceedings and ensuring compliance. Case-Laws Insolvency and Bankruptcy Wed, 17 Jul 2019 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=386573