https://www.taxtmi.com/caselaws?id=290287 The Tribunal found in favor of the Operational Creditor in a case against the Corporate Debtor for non-payment of debt arising from a failed coal supply agreement. The Corporate Debtor failed to fulfill its obligations despite admitting liability and making only a partial payment. With no dispute raised, the Tribunal admitted the petition, initiating the Corporate Insolvency Resolution Process. The Registry was instructed to appoint an Insolvency Resolution Professional, declare a moratorium, and commence the resolution process as per the Insolvency and Bankruptcy Code. en-us Wed, 13 Sep 2017 00:00:00 +0530 Fri, 18 Sep 2020 10:54:37 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=290287 The Tribunal found in favor of the Operational Creditor in a case against the Corporate Debtor for non-payment of debt arising from a failed coal supply agreement. The Corporate Debtor failed to fulfill its obligations despite admitting liability and making only a partial payment. With no dispute raised, the Tribunal admitted the petition, initiating the Corporate Insolvency Resolution Process. The Registry was instructed to appoint an Insolvency Resolution Professional, declare a moratorium, and commence the resolution process as per the Insolvency and Bankruptcy Code. Case-Laws Insolvency and Bankruptcy Wed, 13 Sep 2017 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=290287