https://www.taxtmi.com/caselaws?id=291946 The Tribunal admitted the petition under Section 9 of the Insolvency & Bankruptcy Code, declared a moratorium, and appointed an Interim Resolution Professional. The Corporate Debtor's objections were dismissed as the Tribunal found no dispute regarding the relevant purchase orders and invoices, establishing the default of operational debt. The moratorium would be in effect until the completion of the Corporate Insolvency Resolution Process, approval of the Resolution Plan, or an order for liquidation, whichever is earlier. The public announcement of the initiation of the Corporate Insolvency Resolution Process was mandated. en-us Mon, 16 Dec 2019 00:00:00 +0530 Tue, 01 Dec 2020 15:29:34 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=291946 The Tribunal admitted the petition under Section 9 of the Insolvency & Bankruptcy Code, declared a moratorium, and appointed an Interim Resolution Professional. The Corporate Debtor's objections were dismissed as the Tribunal found no dispute regarding the relevant purchase orders and invoices, establishing the default of operational debt. The moratorium would be in effect until the completion of the Corporate Insolvency Resolution Process, approval of the Resolution Plan, or an order for liquidation, whichever is earlier. The public announcement of the initiation of the Corporate Insolvency Resolution Process was mandated. Case-Laws Insolvency and Bankruptcy Mon, 16 Dec 2019 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=291946