https://www.taxtmi.com/caselaws?id=387410 The Tribunal admitted the Application under Section 9 of the I&B Code, initiating the corporate insolvency resolution process against the Corporate Debtor. The Tribunal found the Application complete and properly filed within the limitation period, with all necessary documents submitted. It established that the Applicant is an Operational Creditor, and the Corporate Debtor defaulted on payment obligations exceeding &8377;1 Lakh. A moratorium was declared under Section 14 of the I&B Code, appointing an Interim Resolution Professional and issuing consequential directions for the resolution process. The Registry was directed to communicate the order to all concerned parties for immediate compliance. en-us Wed, 09 Oct 2019 00:00:00 +0530 Wed, 23 Oct 2019 08:09:56 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=387410 The Tribunal admitted the Application under Section 9 of the I&B Code, initiating the corporate insolvency resolution process against the Corporate Debtor. The Tribunal found the Application complete and properly filed within the limitation period, with all necessary documents submitted. It established that the Applicant is an Operational Creditor, and the Corporate Debtor defaulted on payment obligations exceeding &8377;1 Lakh. A moratorium was declared under Section 14 of the I&B Code, appointing an Interim Resolution Professional and issuing consequential directions for the resolution process. The Registry was directed to communicate the order to all concerned parties for immediate compliance. Case-Laws Insolvency and Bankruptcy Wed, 09 Oct 2019 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=387410