https://www.taxtmi.com/caselaws?id=410276 The Adjudicating Authority admitted the Section 9 application under the Insolvency and Bankruptcy Code, initiating Corporate Insolvency proceedings against the Corporate Debtor for non-payment of the Applicant's salary. Despite the Corporate Debtor's defense of a pre-existing dispute and jurisdictional issues, the Authority found these arguments unsubstantiated. The Authority dismissed the Corporate Debtor's claims, appointed an interim resolution professional (IRP), and imposed a moratorium under Section 14 of the Code, emphasizing the resolution of the salary payment dispute through the insolvency process. en-us Thu, 29 Apr 2021 00:00:00 +0530 Thu, 29 Jul 2021 10:50:48 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=410276 The Adjudicating Authority admitted the Section 9 application under the Insolvency and Bankruptcy Code, initiating Corporate Insolvency proceedings against the Corporate Debtor for non-payment of the Applicant's salary. Despite the Corporate Debtor's defense of a pre-existing dispute and jurisdictional issues, the Authority found these arguments unsubstantiated. The Authority dismissed the Corporate Debtor's claims, appointed an interim resolution professional (IRP), and imposed a moratorium under Section 14 of the Code, emphasizing the resolution of the salary payment dispute through the insolvency process. Case-Laws Insolvency and Bankruptcy Thu, 29 Apr 2021 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=410276