https://www.taxtmi.com/caselaws?id=292151 The National Company Law Tribunal, Mumbai Bench-IV, admitted a Company Petition under section 9 of the Insolvency & Bankruptcy Code, 2016, filed by an Operational Creditor against a Corporate Debtor for defaulting on a substantial payment. The Corporate Debtor failed to make the payment, did not engage in the legal proceedings, and had a dishonored cheque. The Bench established jurisdiction, admitted the petition, imposed a moratorium under section 14 of the IBC, appointed an Interim Resolution Professional, and directed the Operational Creditor to deposit funds for expenses. Communication and compliance directives were issued for record updates. en-us Wed, 10 Jun 2020 00:00:00 +0530 Tue, 08 Dec 2020 10:38:32 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=292151 The National Company Law Tribunal, Mumbai Bench-IV, admitted a Company Petition under section 9 of the Insolvency & Bankruptcy Code, 2016, filed by an Operational Creditor against a Corporate Debtor for defaulting on a substantial payment. The Corporate Debtor failed to make the payment, did not engage in the legal proceedings, and had a dishonored cheque. The Bench established jurisdiction, admitted the petition, imposed a moratorium under section 14 of the IBC, appointed an Interim Resolution Professional, and directed the Operational Creditor to deposit funds for expenses. Communication and compliance directives were issued for record updates. Case-Laws Insolvency and Bankruptcy Wed, 10 Jun 2020 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=292151