https://www.taxtmi.com/caselaws?id=296191 The Tribunal found the Respondent owed a debt of Rs. 16,95,406.31 to the Applicant, with clear default proven by documents. Despite the Respondent's arguments, the Tribunal ordered the initiation of Corporate Insolvency Resolution Process, condemning the Respondent's attempts to evade liability. An interim resolution professional was appointed, and a moratorium under Section 14(1) of the Insolvency and Bankruptcy Code, 2016 came into effect upon admission of the application. The moratorium period specified under Section 14(4) ensures essential goods/services are not terminated, lasting until the completion of the corporate insolvency resolution process. en-us Mon, 27 Aug 2018 00:00:00 +0530 Fri, 09 Jul 2021 09:32:09 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=296191 The Tribunal found the Respondent owed a debt of Rs. 16,95,406.31 to the Applicant, with clear default proven by documents. Despite the Respondent's arguments, the Tribunal ordered the initiation of Corporate Insolvency Resolution Process, condemning the Respondent's attempts to evade liability. An interim resolution professional was appointed, and a moratorium under Section 14(1) of the Insolvency and Bankruptcy Code, 2016 came into effect upon admission of the application. The moratorium period specified under Section 14(4) ensures essential goods/services are not terminated, lasting until the completion of the corporate insolvency resolution process. Case-Laws Insolvency and Bankruptcy Mon, 27 Aug 2018 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=296191