https://www.taxtmi.com/caselaws?id=405058 The Tribunal found in favor of the Operational Creditor, determining that the Corporate Debtor owed an outstanding operational debt of Rs. 1,70,82,059.04. Despite the Corporate Debtor's claims of a dispute over goods quality and a debit note issued, the Tribunal found insufficient evidence to support these assertions. As a result, the Tribunal admitted the petition, initiating the Corporate Insolvency Resolution Process against the Corporate Debtor, declaring a moratorium, and appointing an Interim Resolution Professional. The Operational Creditor was directed to deposit Rs. 1,00,000 for preliminary expenses, with the matter scheduled for a progress report on 10.11.2020. en-us Wed, 30 Sep 2020 00:00:00 +0530 Thu, 11 Mar 2021 09:13:41 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=405058 The Tribunal found in favor of the Operational Creditor, determining that the Corporate Debtor owed an outstanding operational debt of Rs. 1,70,82,059.04. Despite the Corporate Debtor's claims of a dispute over goods quality and a debit note issued, the Tribunal found insufficient evidence to support these assertions. As a result, the Tribunal admitted the petition, initiating the Corporate Insolvency Resolution Process against the Corporate Debtor, declaring a moratorium, and appointing an Interim Resolution Professional. The Operational Creditor was directed to deposit Rs. 1,00,000 for preliminary expenses, with the matter scheduled for a progress report on 10.11.2020. Case-Laws Insolvency and Bankruptcy Wed, 30 Sep 2020 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=405058