https://www.taxtmi.com/caselaws?id=394769 The petition under Section 9 of the Insolvency & Bankruptcy Code, 2016 was filed by an Operational Creditor against a Corporate Debtor for unpaid invoices totaling &8377; 6,39,817.3. Despite the service of a demand notice and the Corporate Debtor's non-appearance, the Tribunal admitted the petition, initiating the Corporate Insolvency Resolution Process. An ex-parte order was issued in favor of the Operational Creditor, imposing a moratorium under Section 14 of the Code to protect essential goods/services supply and prevent legal actions against the Corporate Debtor. An Insolvency Professional was appointed, and the Operational Creditor was directed to deposit funds for immediate expenses. en-us Wed, 16 Oct 2019 00:00:00 +0530 Fri, 24 Apr 2020 11:28:26 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=394769 The petition under Section 9 of the Insolvency & Bankruptcy Code, 2016 was filed by an Operational Creditor against a Corporate Debtor for unpaid invoices totaling &8377; 6,39,817.3. Despite the service of a demand notice and the Corporate Debtor's non-appearance, the Tribunal admitted the petition, initiating the Corporate Insolvency Resolution Process. An ex-parte order was issued in favor of the Operational Creditor, imposing a moratorium under Section 14 of the Code to protect essential goods/services supply and prevent legal actions against the Corporate Debtor. An Insolvency Professional was appointed, and the Operational Creditor was directed to deposit funds for immediate expenses. Case-Laws Insolvency and Bankruptcy Wed, 16 Oct 2019 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=394769