https://www.taxtmi.com/caselaws?id=409722 The Tribunal admitted the application, initiating the Corporate Insolvency Resolution Process (CIRP) against the Corporate Debtor. The unpaid Minimum Guaranteed Royalties (MGR) were considered an "Operational Debt," with no substantial pre-existing dispute found. The Tribunal affirmed its jurisdiction and the timeliness of the application, appointing an Interim Resolution Professional (IRP) and imposing a moratorium under Section 14 of the Insolvency and Bankruptcy Code. en-us Mon, 05 Jul 2021 00:00:00 +0530 Thu, 15 Jul 2021 08:03:06 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=409722 The Tribunal admitted the application, initiating the Corporate Insolvency Resolution Process (CIRP) against the Corporate Debtor. The unpaid Minimum Guaranteed Royalties (MGR) were considered an "Operational Debt," with no substantial pre-existing dispute found. The Tribunal affirmed its jurisdiction and the timeliness of the application, appointing an Interim Resolution Professional (IRP) and imposing a moratorium under Section 14 of the Insolvency and Bankruptcy Code. Case-Laws Insolvency and Bankruptcy Mon, 05 Jul 2021 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=409722