https://www.taxtmi.com/caselaws?id=296210 The Tribunal approved the initiation of Corporate Insolvency Resolution Process against the Corporate Debtor for defaulting on payment to the Operational Creditor. Despite the Corporate Debtor's claims of fraud and a pending criminal case, the Tribunal found no valid dispute under the Insolvency and Bankruptcy Code. An Interim Resolution Professional was appointed, and a moratorium was declared to manage the Corporate Debtor's affairs. Essential supplies were to continue, and cooperation from the Corporate Debtor's directors was mandated for the resolution process. Compliance with the Tribunal's Order was required. en-us Fri, 15 Sep 2017 00:00:00 +0530 Thu, 02 Dec 2021 13:00:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=296210 The Tribunal approved the initiation of Corporate Insolvency Resolution Process against the Corporate Debtor for defaulting on payment to the Operational Creditor. Despite the Corporate Debtor's claims of fraud and a pending criminal case, the Tribunal found no valid dispute under the Insolvency and Bankruptcy Code. An Interim Resolution Professional was appointed, and a moratorium was declared to manage the Corporate Debtor's affairs. Essential supplies were to continue, and cooperation from the Corporate Debtor's directors was mandated for the resolution process. Compliance with the Tribunal's Order was required. Case-Laws Insolvency and Bankruptcy Fri, 15 Sep 2017 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=296210