https://www.taxtmi.com/caselaws?id=399352 The NCLT admitted the application under Section 9 of the IBC, 2016, initiating the CIRP against the Corporate Debtor. The Tribunal confirmed the existence of an operational debt and default, dismissing claims of a pre-existing dispute. The IRP was appointed, and a moratorium was imposed under Section 14(1) of the Code. The Operational Creditor was directed to deposit Rs. 2 lacs with the IRP for expenses. The registry was instructed to communicate the order and update the status of the Corporate Debtor. en-us Fri, 31 Jul 2020 00:00:00 +0530 Tue, 05 Nov 2024 12:22:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=399352 The NCLT admitted the application under Section 9 of the IBC, 2016, initiating the CIRP against the Corporate Debtor. The Tribunal confirmed the existence of an operational debt and default, dismissing claims of a pre-existing dispute. The IRP was appointed, and a moratorium was imposed under Section 14(1) of the Code. The Operational Creditor was directed to deposit Rs. 2 lacs with the IRP for expenses. The registry was instructed to communicate the order and update the status of the Corporate Debtor. Case-Laws IBC Fri, 31 Jul 2020 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=399352