https://www.taxtmi.com/caselaws?id=405542 The Tribunal admitted the Insolvency and Bankruptcy Application filed by the Operational Creditor against the Corporate Debtor under Section 9 of the Insolvency and Bankruptcy Code, 2016, due to the Corporate Debtor's failure to pay a significant debt. Despite a settlement agreement, the Corporate Debtor breached the terms by not making payments as agreed. Consequently, the Tribunal appointed an Interim Resolution Professional, declared a moratorium, and directed the parties to comply with the insolvency resolution process until a resolution plan is approved. en-us Fri, 05 Mar 2021 00:00:00 +0530 Tue, 23 Mar 2021 08:41:29 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=405542 The Tribunal admitted the Insolvency and Bankruptcy Application filed by the Operational Creditor against the Corporate Debtor under Section 9 of the Insolvency and Bankruptcy Code, 2016, due to the Corporate Debtor's failure to pay a significant debt. Despite a settlement agreement, the Corporate Debtor breached the terms by not making payments as agreed. Consequently, the Tribunal appointed an Interim Resolution Professional, declared a moratorium, and directed the parties to comply with the insolvency resolution process until a resolution plan is approved. Case-Laws Insolvency and Bankruptcy Fri, 05 Mar 2021 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=405542