https://www.taxtmi.com/caselaws?id=409000 The petition under Section 9 of the Insolvency and Bankruptcy Code was filed by an Operational Creditor against a Corporate Debtor for unpaid operational debt. The Adjudicating Authority established jurisdiction over the Corporate Debtor, who failed to dispute the debt. The demand notice was validly served, and the petition was admitted, declaring a moratorium under Section 14 of the Code. An Interim Resolution Professional was appointed, and a Committee of Creditors was constituted to proceed with the resolution process in accordance with the legal requirements of the IBC. en-us Fri, 18 Jun 2021 00:00:00 +0530 Sat, 26 Jun 2021 07:51:42 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=409000 The petition under Section 9 of the Insolvency and Bankruptcy Code was filed by an Operational Creditor against a Corporate Debtor for unpaid operational debt. The Adjudicating Authority established jurisdiction over the Corporate Debtor, who failed to dispute the debt. The demand notice was validly served, and the petition was admitted, declaring a moratorium under Section 14 of the Code. An Interim Resolution Professional was appointed, and a Committee of Creditors was constituted to proceed with the resolution process in accordance with the legal requirements of the IBC. Case-Laws Insolvency and Bankruptcy Fri, 18 Jun 2021 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=409000