https://www.taxtmi.com/caselaws?id=408155 The Tribunal upheld the validity of the Board Resolution authorizing the Operational Creditor to file the insolvency application against the Corporate Debtor, M/s. Hema Engineering Industries Limited. Disputes over the claimed amount and payments made were resolved in favor of the Operational Creditor, with the Tribunal rejecting the Corporate Debtor's arguments. An Independent Chartered Accountant reconciled the accounts, determining an outstanding amount of Rs. 3,61,73,329/-. The Tribunal admitted the insolvency application, declaring a moratorium and appointing an Interim Resolution Professional to oversee the Corporate Insolvency Resolution Process. en-us Mon, 05 Apr 2021 00:00:00 +0530 Wed, 02 Jun 2021 08:39:17 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=408155 The Tribunal upheld the validity of the Board Resolution authorizing the Operational Creditor to file the insolvency application against the Corporate Debtor, M/s. Hema Engineering Industries Limited. Disputes over the claimed amount and payments made were resolved in favor of the Operational Creditor, with the Tribunal rejecting the Corporate Debtor's arguments. An Independent Chartered Accountant reconciled the accounts, determining an outstanding amount of Rs. 3,61,73,329/-. The Tribunal admitted the insolvency application, declaring a moratorium and appointing an Interim Resolution Professional to oversee the Corporate Insolvency Resolution Process. Case-Laws Insolvency and Bankruptcy Mon, 05 Apr 2021 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=408155