https://www.taxtmi.com/caselaws?id=409213 An operational creditor's application for commencement of CIRP was admitted because default was established through invoices, correspondence, ledger entries and proof of partial payment, while the corporate debtor, though served, filed no objection or reply. The NCLT found the debt and default undisputed, and the application compliant with the Insolvency and Bankruptcy Code, 2016 and the prescribed rules. The proposed resolution professional had furnished the required written communication and was found eligible, so the interim resolution professional was appointed and moratorium followed. en-us Thu, 04 Mar 2021 00:00:00 +0530 Fri, 02 Jul 2021 08:58:52 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=409213 An operational creditor's application for commencement of CIRP was admitted because default was established through invoices, correspondence, ledger entries and proof of partial payment, while the corporate debtor, though served, filed no objection or reply. The NCLT found the debt and default undisputed, and the application compliant with the Insolvency and Bankruptcy Code, 2016 and the prescribed rules. The proposed resolution professional had furnished the required written communication and was found eligible, so the interim resolution professional was appointed and moratorium followed. Case-Laws Insolvency and Bankruptcy Thu, 04 Mar 2021 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=409213