https://www.taxtmi.com/caselaws?id=407619 The Tribunal admitted the petition for corporate insolvency resolution process against the Respondent, a partnership firm, due to an alleged default in payment for consultancy services. Despite objections raised by the Respondent regarding the consultancy agreement's validity and calculation errors in the debt amount, the Tribunal found in favor of the Applicant, noting the lack of supporting evidence from the Respondent. Consequently, the Tribunal initiated the corporate insolvency resolution process under Section 9 of the Insolvency and Bankruptcy Code 2016. en-us Wed, 07 Apr 2021 00:00:00 +0530 Sat, 15 May 2021 11:29:48 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=407619 The Tribunal admitted the petition for corporate insolvency resolution process against the Respondent, a partnership firm, due to an alleged default in payment for consultancy services. Despite objections raised by the Respondent regarding the consultancy agreement's validity and calculation errors in the debt amount, the Tribunal found in favor of the Applicant, noting the lack of supporting evidence from the Respondent. Consequently, the Tribunal initiated the corporate insolvency resolution process under Section 9 of the Insolvency and Bankruptcy Code 2016. Case-Laws Insolvency and Bankruptcy Wed, 07 Apr 2021 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=407619