https://www.taxtmi.com/caselaws?id=393012 The Tribunal ruled in favor of the applicant, admitting the application under Section 9 of the Insolvency and Bankruptcy Code. It found the respondent failed to clear outstanding dues, establishing a default in payment of operational debt. The Tribunal appointed an Interim Resolution Professional, imposed a moratorium on the respondent, and directed the deposit of expenses. The judgment emphasized the need for genuine disputes and adherence to procedural requirements in initiating the insolvency resolution process effectively. en-us Fri, 08 Nov 2019 00:00:00 +0530 Wed, 04 Mar 2020 12:31:46 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=393012 The Tribunal ruled in favor of the applicant, admitting the application under Section 9 of the Insolvency and Bankruptcy Code. It found the respondent failed to clear outstanding dues, establishing a default in payment of operational debt. The Tribunal appointed an Interim Resolution Professional, imposed a moratorium on the respondent, and directed the deposit of expenses. The judgment emphasized the need for genuine disputes and adherence to procedural requirements in initiating the insolvency resolution process effectively. Case-Laws Insolvency and Bankruptcy Fri, 08 Nov 2019 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=393012