https://www.taxtmi.com/caselaws?id=399566 The Tribunal found the petition maintainable as the Corporate Debtor failed to respond to the demand notice within the stipulated time frame. The compliance with Section 9(3)(c) of the IBC was deemed adequate based on the evidence submitted by the Operational Creditor. The existence of the debt and non-payment were established through invoices and account statements. The validity of the invoices was upheld, and the allegation of bypassing arbitration was dismissed. The application was held to be within the limitation period, leading to the admission of the petition, imposition of a moratorium, and appointment of an Interim Resolution Professional. en-us Wed, 27 May 2020 00:00:00 +0530 Wed, 14 Oct 2020 11:47:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=399566 The Tribunal found the petition maintainable as the Corporate Debtor failed to respond to the demand notice within the stipulated time frame. The compliance with Section 9(3)(c) of the IBC was deemed adequate based on the evidence submitted by the Operational Creditor. The existence of the debt and non-payment were established through invoices and account statements. The validity of the invoices was upheld, and the allegation of bypassing arbitration was dismissed. The application was held to be within the limitation period, leading to the admission of the petition, imposition of a moratorium, and appointment of an Interim Resolution Professional. Case-Laws Insolvency and Bankruptcy Wed, 27 May 2020 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=399566