https://www.taxtmi.com/caselaws?id=395142 The Tribunal found in favor of the Applicant, initiating the Corporate Insolvency Resolution Process (CIRP) against the Corporate Debtor. The Tribunal determined that the defenses raised were not genuine, and the Applicant had proven the existence of an operational debt. Consequently, the Tribunal appointed an Interim Resolution Professional (IRP) to take over the Corporate Debtor's affairs as per the Insolvency & Bankruptcy Code, 2016. The Application was admitted, and the Operational Creditor was directed to deposit Rs. 2,00,000/- to the IRP's account within three days. en-us Thu, 13 Feb 2020 00:00:00 +0530 Fri, 08 May 2020 10:44:54 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=395142 The Tribunal found in favor of the Applicant, initiating the Corporate Insolvency Resolution Process (CIRP) against the Corporate Debtor. The Tribunal determined that the defenses raised were not genuine, and the Applicant had proven the existence of an operational debt. Consequently, the Tribunal appointed an Interim Resolution Professional (IRP) to take over the Corporate Debtor's affairs as per the Insolvency & Bankruptcy Code, 2016. The Application was admitted, and the Operational Creditor was directed to deposit Rs. 2,00,000/- to the IRP's account within three days. Case-Laws Insolvency and Bankruptcy Thu, 13 Feb 2020 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=395142