https://www.taxtmi.com/caselaws?id=409658 The Tribunal ruled in favor of the operational creditor, allowing the initiation of the Corporate Insolvency Resolution Process under Section 9 of the Insolvency and Bankruptcy Code, 2016. It determined the operational debt owed by the Corporate Debtor, emphasizing compliance with procedural requirements. An Insolvency Resolution Professional (IRP) was appointed, and a moratorium was declared to manage the resolution process efficiently. The Tribunal stressed the importance of adhering to the Code's provisions for a successful resolution. en-us Thu, 01 Jul 2021 00:00:00 +0530 Wed, 14 Jul 2021 06:26:55 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=409658 The Tribunal ruled in favor of the operational creditor, allowing the initiation of the Corporate Insolvency Resolution Process under Section 9 of the Insolvency and Bankruptcy Code, 2016. It determined the operational debt owed by the Corporate Debtor, emphasizing compliance with procedural requirements. An Insolvency Resolution Professional (IRP) was appointed, and a moratorium was declared to manage the resolution process efficiently. The Tribunal stressed the importance of adhering to the Code's provisions for a successful resolution. Case-Laws Insolvency and Bankruptcy Thu, 01 Jul 2021 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=409658