https://www.taxtmi.com/caselaws?id=401569 The Tribunal found the application under Section 9 of the Insolvency and Bankruptcy Code, 2016 maintainable despite objections raised by the Corporate Debtor. It admitted the application based on evidence provided by the Applicant regarding work done, invoices raised, and communication regarding outstanding payment. The Tribunal determined that the Corporate Debtor's dispute over operational debt and default in payment lacked merit, leading to the appointment of an Interim Resolution Professional, initiation of a moratorium period, and direction for the Applicant to deposit a specified sum for the resolution process. en-us Mon, 17 Aug 2020 00:00:00 +0530 Fri, 11 Dec 2020 12:33:33 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=401569 The Tribunal found the application under Section 9 of the Insolvency and Bankruptcy Code, 2016 maintainable despite objections raised by the Corporate Debtor. It admitted the application based on evidence provided by the Applicant regarding work done, invoices raised, and communication regarding outstanding payment. The Tribunal determined that the Corporate Debtor's dispute over operational debt and default in payment lacked merit, leading to the appointment of an Interim Resolution Professional, initiation of a moratorium period, and direction for the Applicant to deposit a specified sum for the resolution process. Case-Laws Insolvency and Bankruptcy Mon, 17 Aug 2020 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=401569