https://www.taxtmi.com/caselaws?id=291938 The National Company Law Tribunal, New Delhi Bench, admitted an application under Section 9 of the Insolvency and Bankruptcy Code, 2016, initiating Corporate Insolvency Resolution Process against a company due to outstanding dues of &8377;25,85,612/-. The Tribunal dismissed the Respondent's defense of price increase and quality issues, finding no substantial pre-existing dispute. An Interim Resolution Professional was appointed, and a deposit of &8377;2 lacs was ordered. The Tribunal imposed a moratorium under Section 14(1) of the Code on the Respondent, affirming jurisdiction and instructing procedural steps for resolution. en-us Mon, 16 Dec 2019 00:00:00 +0530 Mon, 30 Nov 2020 19:11:05 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=291938 The National Company Law Tribunal, New Delhi Bench, admitted an application under Section 9 of the Insolvency and Bankruptcy Code, 2016, initiating Corporate Insolvency Resolution Process against a company due to outstanding dues of &8377;25,85,612/-. The Tribunal dismissed the Respondent's defense of price increase and quality issues, finding no substantial pre-existing dispute. An Interim Resolution Professional was appointed, and a deposit of &8377;2 lacs was ordered. The Tribunal imposed a moratorium under Section 14(1) of the Code on the Respondent, affirming jurisdiction and instructing procedural steps for resolution. Case-Laws Insolvency and Bankruptcy Mon, 16 Dec 2019 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=291938