https://www.taxtmi.com/caselaws?id=395235 The Tribunal admitted the application filed under section 9 of the IBC, 2016 against a Private Limited Company for non-payment of dues related to supplied silver utensils. Legal actions under section 138 of the Negotiable Instruments Act, 1881 were taken due to dishonoured cheques. The Tribunal proceeded ex-parte, established jurisdiction, and found the claim of default valid. An Interim Resolution Professional was appointed, invoking the moratorium under section 14 of the IBC, 2016. The IRP took control, creditor claims were called for, and the Corporate Insolvency Resolution Process progressed with specified timelines and compliance requirements. en-us Wed, 25 Sep 2019 00:00:00 +0530 Tue, 12 May 2020 11:15:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=395235 The Tribunal admitted the application filed under section 9 of the IBC, 2016 against a Private Limited Company for non-payment of dues related to supplied silver utensils. Legal actions under section 138 of the Negotiable Instruments Act, 1881 were taken due to dishonoured cheques. The Tribunal proceeded ex-parte, established jurisdiction, and found the claim of default valid. An Interim Resolution Professional was appointed, invoking the moratorium under section 14 of the IBC, 2016. The IRP took control, creditor claims were called for, and the Corporate Insolvency Resolution Process progressed with specified timelines and compliance requirements. Case-Laws Insolvency and Bankruptcy Wed, 25 Sep 2019 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=395235