https://www.taxtmi.com/caselaws?id=391101 The adjudicating authority found in favor of the petitioner, an operational creditor, in a case under Section 9 of the Insolvency and Bankruptcy Code, 2016. The respondent, a corporate debtor, failed to dispute the operational debt exceeding Rs. 1.00 lac. The authority determined the debt's existence, due status, and absence of dispute, appointing an interim resolution professional and declaring a moratorium. The moratorium prevented actions against the debtor, initiating the insolvency resolution process until completion or further orders. The petition was admitted, and the order communicated to relevant parties and the interim professional. en-us Tue, 01 Oct 2019 00:00:00 +0530 Mon, 20 Jan 2020 08:39:20 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=391101 The adjudicating authority found in favor of the petitioner, an operational creditor, in a case under Section 9 of the Insolvency and Bankruptcy Code, 2016. The respondent, a corporate debtor, failed to dispute the operational debt exceeding Rs. 1.00 lac. The authority determined the debt's existence, due status, and absence of dispute, appointing an interim resolution professional and declaring a moratorium. The moratorium prevented actions against the debtor, initiating the insolvency resolution process until completion or further orders. The petition was admitted, and the order communicated to relevant parties and the interim professional. Case-Laws Insolvency and Bankruptcy Tue, 01 Oct 2019 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=391101