https://www.taxtmi.com/caselaws?id=388715 The Tribunal found in favor of the Applicant, determining that the Application was within the Law of Limitation due to acknowledgments of debt provided by the Corporate Debtor. It was established that there had been no payment of the unpaid operational debt to the Applicant. The dispute raised by the Corporate Debtor was categorized as a moonshine dispute lacking evidence. Consequently, the Tribunal admitted the application, appointed an Interim Resolution Professional, and initiated the Corporate Insolvency Resolution Process, imposing a moratorium and instructing the Operational Creditor to deposit a specified sum for the IRP's expenses. en-us Wed, 25 Sep 2019 00:00:00 +0530 Thu, 21 Nov 2019 12:04:37 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=388715 The Tribunal found in favor of the Applicant, determining that the Application was within the Law of Limitation due to acknowledgments of debt provided by the Corporate Debtor. It was established that there had been no payment of the unpaid operational debt to the Applicant. The dispute raised by the Corporate Debtor was categorized as a moonshine dispute lacking evidence. Consequently, the Tribunal admitted the application, appointed an Interim Resolution Professional, and initiated the Corporate Insolvency Resolution Process, imposing a moratorium and instructing the Operational Creditor to deposit a specified sum for the IRP's expenses. Case-Laws Insolvency and Bankruptcy Wed, 25 Sep 2019 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=388715