https://www.taxtmi.com/caselaws?id=290568 The Tribunal admitted a petition under Section 9 of the Insolvency and Bankruptcy Code, 2016, filed by an Operational Creditor against a Corporate Debtor for failure to supply goods and refund an advance payment. The respondent admitted liability, leading to the appointment of an Insolvency Resolution Professional and imposition of a moratorium. The Tribunal found the petitioner qualified as an operational creditor, admitted the petition, and initiated the Corporate Insolvency Resolution Process, ensuring the continuity of essential services during the moratorium period. The case is scheduled for further proceedings to monitor the resolution process. en-us Mon, 28 Jan 2019 00:00:00 +0530 Tue, 06 Oct 2020 10:46:37 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=290568 The Tribunal admitted a petition under Section 9 of the Insolvency and Bankruptcy Code, 2016, filed by an Operational Creditor against a Corporate Debtor for failure to supply goods and refund an advance payment. The respondent admitted liability, leading to the appointment of an Insolvency Resolution Professional and imposition of a moratorium. The Tribunal found the petitioner qualified as an operational creditor, admitted the petition, and initiated the Corporate Insolvency Resolution Process, ensuring the continuity of essential services during the moratorium period. The case is scheduled for further proceedings to monitor the resolution process. Case-Laws Insolvency and Bankruptcy Mon, 28 Jan 2019 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=290568