https://www.taxtmi.com/caselaws?id=399247 The Tribunal ruled in favor of the Applicant, a private limited company, in an application under Section 9 of the Insolvency and Bankruptcy Code, 2016 against the Corporate Debtor, a limited liability partnership, for non-payment of dues. The Tribunal found the Corporate Debtor's defense unsubstantiated and considered it a mere attempt to avoid payment. Jurisdiction was established, and an Interim Resolution Professional was appointed, initiating a moratorium period. The Tribunal directed compliance with procedural requirements and ordered necessary filings and disclosures, along with a deposit by the Operational Creditor for expenses. en-us Thu, 05 Mar 2020 00:00:00 +0530 Wed, 07 Oct 2020 11:13:05 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=399247 The Tribunal ruled in favor of the Applicant, a private limited company, in an application under Section 9 of the Insolvency and Bankruptcy Code, 2016 against the Corporate Debtor, a limited liability partnership, for non-payment of dues. The Tribunal found the Corporate Debtor's defense unsubstantiated and considered it a mere attempt to avoid payment. Jurisdiction was established, and an Interim Resolution Professional was appointed, initiating a moratorium period. The Tribunal directed compliance with procedural requirements and ordered necessary filings and disclosures, along with a deposit by the Operational Creditor for expenses. Case-Laws Insolvency and Bankruptcy Thu, 05 Mar 2020 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=399247