https://www.taxtmi.com/caselaws?id=291472 The National Company Law Tribunal, Hyderabad Bench, admitted a petition under Section 9 of the Insolvency & Bankruptcy Code, 2016, filed by an Operational Creditor against a Corporate Debtor for default in payment. Despite the Corporate Debtor's claims of a pre-existing dispute, the Tribunal found in favor of the Operational Creditor, citing a conclusive decree in the creditor's favor. The Tribunal appointed an Interim Resolution Professional and imposed a moratorium on legal actions against the Corporate Debtor, initiating the Corporate Insolvency Resolution Process. en-us Mon, 04 Nov 2019 00:00:00 +0530 Wed, 11 Nov 2020 19:45:51 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=291472 The National Company Law Tribunal, Hyderabad Bench, admitted a petition under Section 9 of the Insolvency & Bankruptcy Code, 2016, filed by an Operational Creditor against a Corporate Debtor for default in payment. Despite the Corporate Debtor's claims of a pre-existing dispute, the Tribunal found in favor of the Operational Creditor, citing a conclusive decree in the creditor's favor. The Tribunal appointed an Interim Resolution Professional and imposed a moratorium on legal actions against the Corporate Debtor, initiating the Corporate Insolvency Resolution Process. Case-Laws Insolvency and Bankruptcy Mon, 04 Nov 2019 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=291472