https://www.taxtmi.com/caselaws?id=386622 The Tribunal found in favor of the applicant, an operational creditor, in an application under Section 9 of the Insolvency and Bankruptcy Code, 2016, against the respondent company, a corporate debtor. The Tribunal determined the existence of operational debt, the debt's due and payable status, and the absence of a dispute, appointing an Interim Insolvency Professional to oversee the Insolvency Resolution Process. A moratorium was declared to protect the corporate debtor from legal actions, asset transfers, and property recovery, ensuring the continuity of essential services until the resolution process's completion. en-us Wed, 10 Jul 2019 00:00:00 +0530 Fri, 04 Oct 2019 09:52:45 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=386622 The Tribunal found in favor of the applicant, an operational creditor, in an application under Section 9 of the Insolvency and Bankruptcy Code, 2016, against the respondent company, a corporate debtor. The Tribunal determined the existence of operational debt, the debt's due and payable status, and the absence of a dispute, appointing an Interim Insolvency Professional to oversee the Insolvency Resolution Process. A moratorium was declared to protect the corporate debtor from legal actions, asset transfers, and property recovery, ensuring the continuity of essential services until the resolution process's completion. Case-Laws Insolvency and Bankruptcy Wed, 10 Jul 2019 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=386622