https://www.taxtmi.com/caselaws?id=407620 The Tribunal admitted the application under Section 9 of the Insolvency and Bankruptcy Code, 2016, filed by the Operational Creditor against the Corporate Debtor for unpaid invoices. The Corporate Debtor's disputes were not substantiated, leading to an ex-parte proceeding. The Tribunal had jurisdiction, and within the limitation period, initiated the Corporate Insolvency Resolution Process. An interim resolution professional was appointed, a moratorium imposed, and the Applicant directed to deposit funds for immediate expenses. Post-order, communication and compliance requirements were specified, concluding the matter in line with the Tribunal's decision. en-us Fri, 09 Apr 2021 00:00:00 +0530 Sat, 15 May 2021 11:29:52 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=407620 The Tribunal admitted the application under Section 9 of the Insolvency and Bankruptcy Code, 2016, filed by the Operational Creditor against the Corporate Debtor for unpaid invoices. The Corporate Debtor's disputes were not substantiated, leading to an ex-parte proceeding. The Tribunal had jurisdiction, and within the limitation period, initiated the Corporate Insolvency Resolution Process. An interim resolution professional was appointed, a moratorium imposed, and the Applicant directed to deposit funds for immediate expenses. Post-order, communication and compliance requirements were specified, concluding the matter in line with the Tribunal's decision. Case-Laws Insolvency and Bankruptcy Fri, 09 Apr 2021 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=407620