https://www.taxtmi.com/caselaws?id=289926 The operational creditor filed a company petition under section 9 of the Insolvency and Bankruptcy Code against the corporate debtor for non-supply of goods after payment. Despite the corporate debtor's denial of a valid contract, evidence presented by the creditor, including invoices and emails, established the existence of an agreement. The Adjudicating Authority found in favor of the creditor, admitting the petition and initiating the Corporate Insolvency Resolution Process. An Interim Resolution Professional was appointed, and a moratorium declared to manage the debtor's affairs. The judgment emphasized adherence to contractual obligations, evidentiary support in insolvency cases, and compliance with the prescribed procedures under the Code. en-us Mon, 03 Jun 2019 00:00:00 +0530 Sun, 30 Aug 2020 13:28:19 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=289926 The operational creditor filed a company petition under section 9 of the Insolvency and Bankruptcy Code against the corporate debtor for non-supply of goods after payment. Despite the corporate debtor's denial of a valid contract, evidence presented by the creditor, including invoices and emails, established the existence of an agreement. The Adjudicating Authority found in favor of the creditor, admitting the petition and initiating the Corporate Insolvency Resolution Process. An Interim Resolution Professional was appointed, and a moratorium declared to manage the debtor's affairs. The judgment emphasized adherence to contractual obligations, evidentiary support in insolvency cases, and compliance with the prescribed procedures under the Code. Case-Laws Insolvency and Bankruptcy Mon, 03 Jun 2019 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=289926