https://www.taxtmi.com/caselaws?id=407369 The Tribunal admitted the Company Petition under section 9 of the Insolvency and Bankruptcy Code 2016, ruling in favor of the Operational Creditor. The Tribunal found that the Operational Creditor had established a valid case for insolvency proceedings as the Corporate Debtor failed to pay the outstanding debt despite demand notices. The Tribunal appointed an Interim Resolution Professional and imposed a moratorium on actions against the Corporate Debtor, citing the acknowledgment of debt and lack of evidence to refute the claim. en-us Thu, 29 Apr 2021 00:00:00 +0530 Sat, 08 May 2021 08:18:38 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=407369 The Tribunal admitted the Company Petition under section 9 of the Insolvency and Bankruptcy Code 2016, ruling in favor of the Operational Creditor. The Tribunal found that the Operational Creditor had established a valid case for insolvency proceedings as the Corporate Debtor failed to pay the outstanding debt despite demand notices. The Tribunal appointed an Interim Resolution Professional and imposed a moratorium on actions against the Corporate Debtor, citing the acknowledgment of debt and lack of evidence to refute the claim. Case-Laws Insolvency and Bankruptcy Thu, 29 Apr 2021 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=407369