https://www.taxtmi.com/caselaws?id=288292 The Tribunal approved the application under Section 9 of the Insolvency and Bankruptcy Code, 2016, finding the operational debt exceeding Rs. 1.00 lac to be valid and due. With no dispute from the respondent, the appointment of an Interim Insolvency Professional was sanctioned, and a moratorium was declared to initiate the insolvency resolution process. The moratorium safeguarded the corporate debtor from adverse actions, ensuring service continuity. The resolution process would proceed under the moratorium until completion or liquidation, with the judgment communicated to all parties involved, concluding the case without costs. en-us Tue, 02 Jul 2019 00:00:00 +0530 Sat, 30 May 2020 11:11:22 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=288292 The Tribunal approved the application under Section 9 of the Insolvency and Bankruptcy Code, 2016, finding the operational debt exceeding Rs. 1.00 lac to be valid and due. With no dispute from the respondent, the appointment of an Interim Insolvency Professional was sanctioned, and a moratorium was declared to initiate the insolvency resolution process. The moratorium safeguarded the corporate debtor from adverse actions, ensuring service continuity. The resolution process would proceed under the moratorium until completion or liquidation, with the judgment communicated to all parties involved, concluding the case without costs. Case-Laws Insolvency and Bankruptcy Tue, 02 Jul 2019 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=288292