https://www.taxtmi.com/caselaws?id=399348 The Tribunal found in favor of the operational creditor, upholding the validity and maintainability of the petition based on the employment agreement terms. The Tribunal dismissed the corporate debtor's challenges regarding limitation and authority, emphasizing the importance of adhering to the Corporate Insolvency Resolution Process (CIRP). Various dues claimed by the operational creditor were supported by the Tribunal, despite the corporate debtor's objections. The Tribunal also validated the Power of Attorney, emphasizing substance over form. Ultimately, the Tribunal admitted the application, declared a moratorium, appointed an Interim Resolution Professional, and outlined the resolution process guidelines. en-us Mon, 16 Mar 2020 00:00:00 +0530 Fri, 09 Oct 2020 12:54:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=399348 The Tribunal found in favor of the operational creditor, upholding the validity and maintainability of the petition based on the employment agreement terms. The Tribunal dismissed the corporate debtor's challenges regarding limitation and authority, emphasizing the importance of adhering to the Corporate Insolvency Resolution Process (CIRP). Various dues claimed by the operational creditor were supported by the Tribunal, despite the corporate debtor's objections. The Tribunal also validated the Power of Attorney, emphasizing substance over form. Ultimately, the Tribunal admitted the application, declared a moratorium, appointed an Interim Resolution Professional, and outlined the resolution process guidelines. Case-Laws Insolvency and Bankruptcy Mon, 16 Mar 2020 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=399348