https://www.taxtmi.com/caselaws?id=391467 The Tribunal ruled in favor of the operational creditor in an application under Section 9 of the Insolvency and Bankruptcy Code, 2016, for recovery of outstanding debt from the corporate debtor. The debt amounting to Rs. 2,90,38,856.00 was deemed due, with no dispute raised by the respondent. An interim resolution professional was appointed, and the application was admitted, leading to the initiation of the insolvency resolution process with the imposition of restrictions under Section 14 of the Code. en-us Mon, 30 Sep 2019 00:00:00 +0530 Wed, 29 Jan 2020 07:12:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=391467 The Tribunal ruled in favor of the operational creditor in an application under Section 9 of the Insolvency and Bankruptcy Code, 2016, for recovery of outstanding debt from the corporate debtor. The debt amounting to Rs. 2,90,38,856.00 was deemed due, with no dispute raised by the respondent. An interim resolution professional was appointed, and the application was admitted, leading to the initiation of the insolvency resolution process with the imposition of restrictions under Section 14 of the Code. Case-Laws Insolvency and Bankruptcy Mon, 30 Sep 2019 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=391467