https://www.taxtmi.com/caselaws?id=291837 An application under Section 9 of the Insolvency and Bankruptcy Code was found maintainable because the operational debt and default were admitted, supported by invoices, part-payments, balance confirmation and a statutory demand notice. The claim was held to be within limitation, and jurisdiction was found on the basis of the corporate debtor's registered office. The Tribunal therefore admitted the application and directed commencement of CIRP, including declaration of moratorium, public announcement, appointment of an Interim Resolution Professional, cooperation by the ex-management, and deposit of expenses by the operational creditor. en-us Tue, 19 Nov 2019 00:00:00 +0530 Thu, 26 Nov 2020 09:18:05 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=291837 An application under Section 9 of the Insolvency and Bankruptcy Code was found maintainable because the operational debt and default were admitted, supported by invoices, part-payments, balance confirmation and a statutory demand notice. The claim was held to be within limitation, and jurisdiction was found on the basis of the corporate debtor's registered office. The Tribunal therefore admitted the application and directed commencement of CIRP, including declaration of moratorium, public announcement, appointment of an Interim Resolution Professional, cooperation by the ex-management, and deposit of expenses by the operational creditor. Case-Laws Insolvency and Bankruptcy Tue, 19 Nov 2019 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=291837