https://www.taxtmi.com/caselaws?id=395957 The Tribunal admitted the application filed by the Operational Creditor under Section 9 of the Insolvency & Bankruptcy Code, 2016, finding the application in order and confirming the existence of operational debt and default by the Corporate Debtor. The Tribunal rejected the Corporate Debtor's contentions regarding failure of installation and training, pre-existing dispute, and appointed an Interim Resolution Professional. A moratorium was declared, initiating the Corporate Insolvency Resolution Process against the Corporate Debtor, with specific restrictions in place until completion of the resolution process or liquidation order. en-us Tue, 05 May 2020 00:00:00 +0530 Tue, 16 Jun 2020 11:20:30 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=395957 The Tribunal admitted the application filed by the Operational Creditor under Section 9 of the Insolvency & Bankruptcy Code, 2016, finding the application in order and confirming the existence of operational debt and default by the Corporate Debtor. The Tribunal rejected the Corporate Debtor's contentions regarding failure of installation and training, pre-existing dispute, and appointed an Interim Resolution Professional. A moratorium was declared, initiating the Corporate Insolvency Resolution Process against the Corporate Debtor, with specific restrictions in place until completion of the resolution process or liquidation order. Case-Laws Insolvency and Bankruptcy Tue, 05 May 2020 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=395957