https://www.taxtmi.com/caselaws?id=407555 The petition under Section 9 of the Insolvency and Bankruptcy Code, 2016 was admitted by the Adjudicating Authority. The operational creditor's claim of outstanding debt against the corporate debtor was found to be due and payable without any preexisting dispute. The Authority invoked a moratorium under Section 13, initiating the Corporate Insolvency Resolution Process to protect stakeholders' interests. An interim resolution professional was appointed, and the order aimed to prevent the striking off of the respondent company's name during the insolvency resolution process. en-us Thu, 22 Apr 2021 00:00:00 +0530 Fri, 14 May 2021 08:33:06 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=407555 The petition under Section 9 of the Insolvency and Bankruptcy Code, 2016 was admitted by the Adjudicating Authority. The operational creditor's claim of outstanding debt against the corporate debtor was found to be due and payable without any preexisting dispute. The Authority invoked a moratorium under Section 13, initiating the Corporate Insolvency Resolution Process to protect stakeholders' interests. An interim resolution professional was appointed, and the order aimed to prevent the striking off of the respondent company's name during the insolvency resolution process. Case-Laws Insolvency and Bankruptcy Thu, 22 Apr 2021 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=407555