https://www.taxtmi.com/caselaws?id=404972 The Tribunal found in favor of the Operational Creditor, admitting the petition under section 9 of the Insolvency and Bankruptcy Code, 2016. The Corporate Debtor's arguments regarding maintainability, competency of the person affirming the petition, service of demand notice, quality of goods supplied, and reconciliation of accounts were dismissed. Consequently, the Tribunal ordered the initiation of the Corporate Insolvency Resolution Process (CIRP) against the Corporate Debtor, declared a moratorium under section 14 of the IBC, appointed an Interim Resolution Professional (IRP), and issued various directions for the progress of the CIRP. en-us Mon, 08 Feb 2021 00:00:00 +0530 Tue, 09 Mar 2021 08:47:31 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=404972 The Tribunal found in favor of the Operational Creditor, admitting the petition under section 9 of the Insolvency and Bankruptcy Code, 2016. The Corporate Debtor's arguments regarding maintainability, competency of the person affirming the petition, service of demand notice, quality of goods supplied, and reconciliation of accounts were dismissed. Consequently, the Tribunal ordered the initiation of the Corporate Insolvency Resolution Process (CIRP) against the Corporate Debtor, declared a moratorium under section 14 of the IBC, appointed an Interim Resolution Professional (IRP), and issued various directions for the progress of the CIRP. Case-Laws Insolvency and Bankruptcy Mon, 08 Feb 2021 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=404972