https://www.taxtmi.com/caselaws?id=407426 The Tribunal found the petition under Section 9 of the Insolvency and Bankruptcy Code, 2016 maintainable, admitted it, and initiated the Corporate Insolvency Resolution Process against the Corporate Debtor. The Operational Creditor qualified as an operational creditor due to unpaid salary dues. The Tribunal noted deficiencies in the services rendered by the Corporate Debtor were unsubstantiated. Consequently, the Tribunal appointed an Interim Resolution Professional, declared a moratorium, and prohibited legal actions against the Corporate Debtor to facilitate the Corporate Insolvency Resolution Process. en-us Mon, 26 Apr 2021 00:00:00 +0530 Tue, 11 May 2021 12:38:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=407426 The Tribunal found the petition under Section 9 of the Insolvency and Bankruptcy Code, 2016 maintainable, admitted it, and initiated the Corporate Insolvency Resolution Process against the Corporate Debtor. The Operational Creditor qualified as an operational creditor due to unpaid salary dues. The Tribunal noted deficiencies in the services rendered by the Corporate Debtor were unsubstantiated. Consequently, the Tribunal appointed an Interim Resolution Professional, declared a moratorium, and prohibited legal actions against the Corporate Debtor to facilitate the Corporate Insolvency Resolution Process. Case-Laws Insolvency and Bankruptcy Mon, 26 Apr 2021 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=407426