https://www.taxtmi.com/caselaws?id=402752 The Adjudicating Authority admitted the petition under Section 9 of The Insolvency and Bankruptcy Code, 2016, finding the operational debt claim to be valid and within the limitation period. The respondent's objections were deemed baseless due to lack of documentary evidence, leading to a declaration of moratorium and appointment of an Interim Resolution Professional. The judgment relied on precedent to establish the presence of operational debt, resulting in the initiation of Corporate Insolvency Process to resolve the debt issue and ensure continuity of essential services for the corporate debtor. en-us Fri, 08 Jan 2021 00:00:00 +0530 Tue, 12 Jan 2021 13:31:09 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=402752 The Adjudicating Authority admitted the petition under Section 9 of The Insolvency and Bankruptcy Code, 2016, finding the operational debt claim to be valid and within the limitation period. The respondent's objections were deemed baseless due to lack of documentary evidence, leading to a declaration of moratorium and appointment of an Interim Resolution Professional. The judgment relied on precedent to establish the presence of operational debt, resulting in the initiation of Corporate Insolvency Process to resolve the debt issue and ensure continuity of essential services for the corporate debtor. Case-Laws Insolvency and Bankruptcy Fri, 08 Jan 2021 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=402752