https://www.taxtmi.com/caselaws?id=285462 The Tribunal admitted the application under Sec.9 of the Insolvency & Bankruptcy Code, 2016, for initiating the Corporate Insolvency Resolution Process against the corporate debtor. It found the application complete and compliant, appointing an Interim Resolution Professional to manage the process. The Tribunal dismissed the corporate debtor's suit, ruling it did not meet the conditions of a pre-existing dispute under Sec.5(6) of the IBC. Further directions were issued for a time-bound resolution process, moratorium declaration, and communication of orders to concerned parties. en-us Fri, 18 Oct 2019 00:00:00 +0530 Mon, 13 Jan 2020 17:51:27 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=285462 The Tribunal admitted the application under Sec.9 of the Insolvency & Bankruptcy Code, 2016, for initiating the Corporate Insolvency Resolution Process against the corporate debtor. It found the application complete and compliant, appointing an Interim Resolution Professional to manage the process. The Tribunal dismissed the corporate debtor's suit, ruling it did not meet the conditions of a pre-existing dispute under Sec.5(6) of the IBC. Further directions were issued for a time-bound resolution process, moratorium declaration, and communication of orders to concerned parties. Case-Laws Insolvency and Bankruptcy Fri, 18 Oct 2019 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=285462