https://www.taxtmi.com/caselaws?id=386932 The Tribunal admitted the application under Section 9 of the Insolvency and Bankruptcy Code, 2016, for triggering the Insolvency Resolution Process against the corporate debtor due to non-payment of the license fee. It found the operational debt was due and payable, appointed an Interim Insolvency Professional, declared a moratorium, and directed the professional to proceed with the resolution process. The moratorium would remain in effect until completion of the resolution process or liquidation. The petition was disposed of with no order as to costs, and the relevant parties were informed of the decision. en-us Wed, 19 Jun 2019 00:00:00 +0530 Sat, 12 Oct 2019 07:55:46 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=386932 The Tribunal admitted the application under Section 9 of the Insolvency and Bankruptcy Code, 2016, for triggering the Insolvency Resolution Process against the corporate debtor due to non-payment of the license fee. It found the operational debt was due and payable, appointed an Interim Insolvency Professional, declared a moratorium, and directed the professional to proceed with the resolution process. The moratorium would remain in effect until completion of the resolution process or liquidation. The petition was disposed of with no order as to costs, and the relevant parties were informed of the decision. Case-Laws Insolvency and Bankruptcy Wed, 19 Jun 2019 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=386932