https://www.taxtmi.com/caselaws?id=293982 The Tribunal admitted the petition under section 9 of the Insolvency and Bankruptcy Code, 2016, due to the corporate debtor's default in payment of invoices for normal units under a solar power purchase agreement. An interim resolution professional was appointed to oversee the insolvency resolution process, imposing a moratorium on legal actions against the debtor and asset disposal. The decision was communicated to the parties and the resolution professional promptly. en-us Mon, 02 Dec 2019 00:00:00 +0530 Sat, 13 Mar 2021 08:39:38 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=293982 The Tribunal admitted the petition under section 9 of the Insolvency and Bankruptcy Code, 2016, due to the corporate debtor's default in payment of invoices for normal units under a solar power purchase agreement. An interim resolution professional was appointed to oversee the insolvency resolution process, imposing a moratorium on legal actions against the debtor and asset disposal. The decision was communicated to the parties and the resolution professional promptly. Case-Laws Insolvency and Bankruptcy Mon, 02 Dec 2019 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=293982