https://www.taxtmi.com/caselaws?id=296388 The Tribunal initiated the corporate insolvency resolution process against the Respondent for defaulting on dues. It ruled in favor of the Applicant, finding debt and default by the Respondent, despite objections raised regarding territorial jurisdiction and invoice discrepancies. A moratorium was imposed under Section 14 of the Insolvency and Bankruptcy Code, protecting essential supplies to the Respondent and appointing an interim resolution professional to oversee the resolution process. The Applicant was directed to deposit funds for immediate expenses, with further updates scheduled after 30 days. en-us Thu, 04 Jul 2019 00:00:00 +0530 Mon, 19 Jul 2021 10:22:56 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=296388 The Tribunal initiated the corporate insolvency resolution process against the Respondent for defaulting on dues. It ruled in favor of the Applicant, finding debt and default by the Respondent, despite objections raised regarding territorial jurisdiction and invoice discrepancies. A moratorium was imposed under Section 14 of the Insolvency and Bankruptcy Code, protecting essential supplies to the Respondent and appointing an interim resolution professional to oversee the resolution process. The Applicant was directed to deposit funds for immediate expenses, with further updates scheduled after 30 days. Case-Laws Insolvency and Bankruptcy Thu, 04 Jul 2019 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=296388