https://www.taxtmi.com/caselaws?id=408216 The Tribunal admitted the operational creditor's petition under Section 9 of The Insolvency and Bankruptcy Code, 2016, finding the operational debt due and payable by the corporate debtor. As the respondent did not dispute the debt or make payments, the Tribunal declared a default in payment, leading to the appointment of an Interim Resolution Professional, Mr. Nandish Sunilbhai Vin. A moratorium was declared under Section 13 of the Code to protect the corporate debtor from legal actions during the insolvency resolution process. The Tribunal's decision aimed at ensuring compliance with the Code for an effective resolution of the insolvency matter. en-us Fri, 15 Jan 2021 00:00:00 +0530 Fri, 04 Jun 2021 08:24:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=408216 The Tribunal admitted the operational creditor's petition under Section 9 of The Insolvency and Bankruptcy Code, 2016, finding the operational debt due and payable by the corporate debtor. As the respondent did not dispute the debt or make payments, the Tribunal declared a default in payment, leading to the appointment of an Interim Resolution Professional, Mr. Nandish Sunilbhai Vin. A moratorium was declared under Section 13 of the Code to protect the corporate debtor from legal actions during the insolvency resolution process. The Tribunal's decision aimed at ensuring compliance with the Code for an effective resolution of the insolvency matter. Case-Laws Insolvency and Bankruptcy Fri, 15 Jan 2021 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=408216