https://www.taxtmi.com/caselaws?id=410378 The Tribunal admitted the Operational Creditor's application under section 9 of the Insolvency and Bankruptcy Code, 2016, due to the Corporate Debtor's failure to pay operational dues, totaling Rs. 9,34,767.00 with interest. Despite evidence of default and lack of response from the Corporate Debtor, the Tribunal initiated the Corporate Insolvency Resolution Process, appointing an Insolvency Resolution Professional and imposing a moratorium to manage the debtor's affairs and protect assets during the resolution process. en-us Thu, 15 Jul 2021 00:00:00 +0530 Sat, 31 Jul 2021 09:46:31 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=410378 The Tribunal admitted the Operational Creditor's application under section 9 of the Insolvency and Bankruptcy Code, 2016, due to the Corporate Debtor's failure to pay operational dues, totaling Rs. 9,34,767.00 with interest. Despite evidence of default and lack of response from the Corporate Debtor, the Tribunal initiated the Corporate Insolvency Resolution Process, appointing an Insolvency Resolution Professional and imposing a moratorium to manage the debtor's affairs and protect assets during the resolution process. Case-Laws Insolvency and Bankruptcy Thu, 15 Jul 2021 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=410378