https://www.taxtmi.com/caselaws?id=392678 The Tribunal admitted the petition under Section 9 of The Insolvency and Bankruptcy Code, 2016, declaring a moratorium and appointing an Interim Resolution Professional. The petitioner, an operational creditor, proved the operational debt was due and payable, with no dispute raised by the respondent. The respondent's failure to provide evidence of inferior goods and failure to challenge the demand notice weakened their defense. The Tribunal emphasized maintaining the status quo during the resolution process and prohibited actions against the corporate debtor. The Interim Resolution Professional was tasked with overseeing the insolvency resolution process effectively. en-us Fri, 22 Nov 2019 00:00:00 +0530 Wed, 26 Feb 2020 11:15:42 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=392678 The Tribunal admitted the petition under Section 9 of The Insolvency and Bankruptcy Code, 2016, declaring a moratorium and appointing an Interim Resolution Professional. The petitioner, an operational creditor, proved the operational debt was due and payable, with no dispute raised by the respondent. The respondent's failure to provide evidence of inferior goods and failure to challenge the demand notice weakened their defense. The Tribunal emphasized maintaining the status quo during the resolution process and prohibited actions against the corporate debtor. The Interim Resolution Professional was tasked with overseeing the insolvency resolution process effectively. Case-Laws Insolvency and Bankruptcy Fri, 22 Nov 2019 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=392678