https://www.taxtmi.com/caselaws?id=293165 The tribunal found in favor of the Operational Creditor, admitting the application under Section 9 of the Insolvency and Bankruptcy Code, 2016. The Corporate Debtor's arguments regarding maintainability, existence of a dispute, and limitation period were rejected. An Interim Resolution Professional was appointed, and a moratorium was declared, prohibiting certain actions against the Corporate Debtor. The tribunal determined that the Corporate Debtor had defaulted in payment, leading to the commencement of the Corporate Insolvency Resolution Process. en-us Wed, 10 Apr 2019 00:00:00 +0530 Wed, 27 Jan 2021 18:59:45 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=293165 The tribunal found in favor of the Operational Creditor, admitting the application under Section 9 of the Insolvency and Bankruptcy Code, 2016. The Corporate Debtor's arguments regarding maintainability, existence of a dispute, and limitation period were rejected. An Interim Resolution Professional was appointed, and a moratorium was declared, prohibiting certain actions against the Corporate Debtor. The tribunal determined that the Corporate Debtor had defaulted in payment, leading to the commencement of the Corporate Insolvency Resolution Process. Case-Laws Insolvency and Bankruptcy Wed, 10 Apr 2019 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=293165