https://www.taxtmi.com/caselaws?id=296519 The tribunal rejected the Corporate Debtor's arguments that the Petition was barred under Section 11 of the Insolvency and Bankruptcy Code and that the petition was non-maintainable due to the elapsed resolution process. Additionally, the tribunal dismissed the Corporate Debtor's claim of an 'existence of dispute' between the parties. The Petition filed by the Operational Creditor was admitted, and a moratorium was declared with specific directions, including appointing an Interim Resolution Professional to carry out functions under the Code. en-us Thu, 29 Aug 2019 00:00:00 +0530 Mon, 26 Jul 2021 09:13:32 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=296519 The tribunal rejected the Corporate Debtor's arguments that the Petition was barred under Section 11 of the Insolvency and Bankruptcy Code and that the petition was non-maintainable due to the elapsed resolution process. Additionally, the tribunal dismissed the Corporate Debtor's claim of an 'existence of dispute' between the parties. The Petition filed by the Operational Creditor was admitted, and a moratorium was declared with specific directions, including appointing an Interim Resolution Professional to carry out functions under the Code. Case-Laws Insolvency and Bankruptcy Thu, 29 Aug 2019 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=296519