https://www.taxtmi.com/caselaws?id=293167 The Tribunal found in favor of the Applicant, a Hong Kong-based company, in an application under section 9 of the Insolvency and Bankruptcy Code, 2016 against the Corporate Debtor for non-payment of outstanding amounts. The Tribunal dismissed the Corporate Debtor's claims of no default due to lack of evidence, establishing the default and allowing the initiation of Corporate Insolvency proceedings. Jurisdiction was confirmed due to the Corporate Debtor's office location in Delhi. Procedural compliance was met, leading to the appointment of an Interim Resolution Professional and imposition of a moratorium to facilitate the Corporate Insolvency Resolution Process. en-us Thu, 27 Feb 2020 00:00:00 +0530 Wed, 27 Jan 2021 18:59:45 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=293167 The Tribunal found in favor of the Applicant, a Hong Kong-based company, in an application under section 9 of the Insolvency and Bankruptcy Code, 2016 against the Corporate Debtor for non-payment of outstanding amounts. The Tribunal dismissed the Corporate Debtor's claims of no default due to lack of evidence, establishing the default and allowing the initiation of Corporate Insolvency proceedings. Jurisdiction was confirmed due to the Corporate Debtor's office location in Delhi. Procedural compliance was met, leading to the appointment of an Interim Resolution Professional and imposition of a moratorium to facilitate the Corporate Insolvency Resolution Process. Case-Laws Insolvency and Bankruptcy Thu, 27 Feb 2020 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=293167