https://www.taxtmi.com/caselaws?id=395579 The Tribunal admitted the petition under Section 9 of the Insolvency & Bankruptcy Code, 2016, due to non-payment of dues by the Corporate Debtor. Despite disputes raised by the Corporate Debtor regarding the quality of goods supplied and procedural objections, the Tribunal found in favor of the Operational Creditor, initiating the Corporate Insolvency Resolution Process and imposing a moratorium under Section 14 of the Code. An Insolvency Professional was appointed to manage the proceedings, with the Operational Creditor directed to deposit funds for immediate expenses. en-us Mon, 09 Dec 2019 00:00:00 +0530 Fri, 29 May 2020 11:48:25 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=395579 The Tribunal admitted the petition under Section 9 of the Insolvency & Bankruptcy Code, 2016, due to non-payment of dues by the Corporate Debtor. Despite disputes raised by the Corporate Debtor regarding the quality of goods supplied and procedural objections, the Tribunal found in favor of the Operational Creditor, initiating the Corporate Insolvency Resolution Process and imposing a moratorium under Section 14 of the Code. An Insolvency Professional was appointed to manage the proceedings, with the Operational Creditor directed to deposit funds for immediate expenses. Case-Laws Insolvency and Bankruptcy Mon, 09 Dec 2019 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=395579