https://www.taxtmi.com/caselaws?id=396149 The Tribunal admitted the application under section 9 of the Insolvency and Bankruptcy Code, 2016, filed by a private limited company against a Corporate Debtor, an LLP, for outstanding payments amounting to Rs. 24,44,289. The Corporate Debtor's dispute on material quality and pricing was dismissed due to lack of evidence, and non-payment admission strengthened the Applicant's claim. With jurisdiction established in Delhi, the Tribunal appointed an Interim Resolution Professional, imposed a moratorium, and directed the Operational Creditor to deposit funds for resolution expenses, ensuring the effective progress of the insolvency process. en-us Mon, 06 Jan 2020 00:00:00 +0530 Tue, 23 Jun 2020 09:46:05 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=396149 The Tribunal admitted the application under section 9 of the Insolvency and Bankruptcy Code, 2016, filed by a private limited company against a Corporate Debtor, an LLP, for outstanding payments amounting to Rs. 24,44,289. The Corporate Debtor's dispute on material quality and pricing was dismissed due to lack of evidence, and non-payment admission strengthened the Applicant's claim. With jurisdiction established in Delhi, the Tribunal appointed an Interim Resolution Professional, imposed a moratorium, and directed the Operational Creditor to deposit funds for resolution expenses, ensuring the effective progress of the insolvency process. Case-Laws Insolvency and Bankruptcy Mon, 06 Jan 2020 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=396149