https://www.taxtmi.com/caselaws?id=406609 The tribunal admitted the petition under Section 9 of the Insolvency and Bankruptcy Code, 2016, declaring a moratorium and appointing an Interim Resolution Professional to manage the corporate insolvency resolution process. The moratorium prohibits suits, asset transfers, and recovery actions against the corporate debtor until completion of the resolution process, approval of a resolution plan, or liquidation. The respondent's arguments regarding maintainability, debt qualification, default, pre-existing dispute, limitation period, and procedural compliance were dismissed, leading to the acceptance of the petition and initiation of insolvency proceedings. en-us Tue, 30 Mar 2021 00:00:00 +0530 Mon, 19 Apr 2021 20:33:21 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=406609 The tribunal admitted the petition under Section 9 of the Insolvency and Bankruptcy Code, 2016, declaring a moratorium and appointing an Interim Resolution Professional to manage the corporate insolvency resolution process. The moratorium prohibits suits, asset transfers, and recovery actions against the corporate debtor until completion of the resolution process, approval of a resolution plan, or liquidation. The respondent's arguments regarding maintainability, debt qualification, default, pre-existing dispute, limitation period, and procedural compliance were dismissed, leading to the acceptance of the petition and initiation of insolvency proceedings. Case-Laws Insolvency and Bankruptcy Tue, 30 Mar 2021 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=406609