https://www.taxtmi.com/caselaws?id=292132 The Tribunal admitted the application under Section 9 of the Insolvency and Bankruptcy Code, 2016, finding that the Operational Creditor had proven the debt and default by the Corporate Debtor. Despite the Corporate Debtor's disputes regarding the quality of work and alleged deficiencies, the Tribunal noted the lack of appearance by the Corporate Debtor at hearings and the non-notarized reply. Consequently, the Tribunal declared a moratorium, initiated the Corporate Insolvency Resolution Process, appointed an Interim Resolution Professional, and directed the Operational Creditor to deposit a sum in the ESCROW Account for further proceedings. en-us Fri, 30 Aug 2019 00:00:00 +0530 Tue, 08 Dec 2020 10:17:55 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=292132 The Tribunal admitted the application under Section 9 of the Insolvency and Bankruptcy Code, 2016, finding that the Operational Creditor had proven the debt and default by the Corporate Debtor. Despite the Corporate Debtor's disputes regarding the quality of work and alleged deficiencies, the Tribunal noted the lack of appearance by the Corporate Debtor at hearings and the non-notarized reply. Consequently, the Tribunal declared a moratorium, initiated the Corporate Insolvency Resolution Process, appointed an Interim Resolution Professional, and directed the Operational Creditor to deposit a sum in the ESCROW Account for further proceedings. Case-Laws Insolvency and Bankruptcy Fri, 30 Aug 2019 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=292132