https://www.taxtmi.com/caselaws?id=406885 The Tribunal admitted the Application under Section 9 of the IBC, 2016, filed by an Operational Creditor against a Private Limited Company, the Corporate Debtor, due to proven operational debt and default. The Corporate Debtor's deliberate avoidance and lack of response to Demand Notices supported the claim. The Tribunal asserted jurisdiction, appointed an Interim Resolution Professional, imposed a moratorium under Section 14(1) of the Code, and directed the Operational Creditor to pay expenses to the Professional. Compliance and communication of the Order were mandated for all relevant parties and authorities. en-us Mon, 12 Apr 2021 00:00:00 +0530 Mon, 26 Apr 2021 10:21:09 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=406885 The Tribunal admitted the Application under Section 9 of the IBC, 2016, filed by an Operational Creditor against a Private Limited Company, the Corporate Debtor, due to proven operational debt and default. The Corporate Debtor's deliberate avoidance and lack of response to Demand Notices supported the claim. The Tribunal asserted jurisdiction, appointed an Interim Resolution Professional, imposed a moratorium under Section 14(1) of the Code, and directed the Operational Creditor to pay expenses to the Professional. Compliance and communication of the Order were mandated for all relevant parties and authorities. Case-Laws Insolvency and Bankruptcy Mon, 12 Apr 2021 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=406885