https://www.taxtmi.com/caselaws?id=404455 The Tribunal admitted the petition under Section 9 of the Insolvency and Bankruptcy Code, 2016, initiating Corporate Insolvency Resolution Process against the Corporate Debtor. Proper service of demand notice was confirmed, and the dispute over operational debt was unresolved as the Corporate Debtor did not contest. The default in payment was established, leading to the admission of the petition and declaration of a moratorium. An Interim Resolution Professional was appointed to manage the process, including forming a Committee of Creditors. The judgment emphasizes the legal processes involved in addressing insolvency issues effectively. en-us Fri, 19 Feb 2021 00:00:00 +0530 Wed, 24 Feb 2021 09:42:12 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=404455 The Tribunal admitted the petition under Section 9 of the Insolvency and Bankruptcy Code, 2016, initiating Corporate Insolvency Resolution Process against the Corporate Debtor. Proper service of demand notice was confirmed, and the dispute over operational debt was unresolved as the Corporate Debtor did not contest. The default in payment was established, leading to the admission of the petition and declaration of a moratorium. An Interim Resolution Professional was appointed to manage the process, including forming a Committee of Creditors. The judgment emphasizes the legal processes involved in addressing insolvency issues effectively. Case-Laws Insolvency and Bankruptcy Fri, 19 Feb 2021 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=404455