https://www.taxtmi.com/caselaws?id=391934 The Tribunal found in favor of the Operational Creditor in an application under Section 9 of the Insolvency and Bankruptcy Code, 2016, for Corporate Insolvency Resolution Process. The Corporate Debtor failed to clear outstanding dues of Rs. 4,05,19,069/-, leading to the admission of the application. The Tribunal appointed an Interim Resolution Professional (IRP) and imposed a moratorium under Section 14(1) of the IBC, 2016, prohibiting certain actions by the Respondent. The Operational Creditor was directed to deposit immediate expenses, and relevant parties were notified about the admission of the application. en-us Mon, 14 Oct 2019 00:00:00 +0530 Mon, 10 Feb 2020 08:57:20 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=391934 The Tribunal found in favor of the Operational Creditor in an application under Section 9 of the Insolvency and Bankruptcy Code, 2016, for Corporate Insolvency Resolution Process. The Corporate Debtor failed to clear outstanding dues of Rs. 4,05,19,069/-, leading to the admission of the application. The Tribunal appointed an Interim Resolution Professional (IRP) and imposed a moratorium under Section 14(1) of the IBC, 2016, prohibiting certain actions by the Respondent. The Operational Creditor was directed to deposit immediate expenses, and relevant parties were notified about the admission of the application. Case-Laws Insolvency and Bankruptcy Mon, 14 Oct 2019 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=391934