https://www.taxtmi.com/caselaws?id=392949 The National Company Law Tribunal asserted jurisdiction to hear the petition challenging the validity of an application under the Insolvency and Bankruptcy Code, 2016. It confirmed the existence of operational debt and default, dismissing the disputed claims raised by the respondent. The Tribunal appointed an Insolvency Resolution Professional and declared a moratorium to protect the corporate debtor's assets during the resolution process. The decision emphasized compliance with the Code's provisions and the continuation of essential services to the debtor. en-us Thu, 05 Dec 2019 00:00:00 +0530 Tue, 03 Mar 2020 11:24:15 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=392949 The National Company Law Tribunal asserted jurisdiction to hear the petition challenging the validity of an application under the Insolvency and Bankruptcy Code, 2016. It confirmed the existence of operational debt and default, dismissing the disputed claims raised by the respondent. The Tribunal appointed an Insolvency Resolution Professional and declared a moratorium to protect the corporate debtor's assets during the resolution process. The decision emphasized compliance with the Code's provisions and the continuation of essential services to the debtor. Case-Laws Insolvency and Bankruptcy Thu, 05 Dec 2019 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=392949