https://www.taxtmi.com/caselaws?id=410442 The tribunal admitted the company petition under Section 9 of the Insolvency and Bankruptcy Code, 2016, allowing the initiation of Corporate Insolvency Resolution Process against the Corporate Debtor. Despite disputed outstanding payments and alleged misplaced cash vouchers, the tribunal found in favor of the Operational Creditor, emphasizing the lack of evidence supporting the respondent's contentions. An Interim Resolution Professional was appointed, and necessary restrictions were imposed, underscoring the significance of evidence and procedural compliance in insolvency cases. en-us Tue, 20 Jul 2021 00:00:00 +0530 Mon, 02 Aug 2021 09:04:03 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=410442 The tribunal admitted the company petition under Section 9 of the Insolvency and Bankruptcy Code, 2016, allowing the initiation of Corporate Insolvency Resolution Process against the Corporate Debtor. Despite disputed outstanding payments and alleged misplaced cash vouchers, the tribunal found in favor of the Operational Creditor, emphasizing the lack of evidence supporting the respondent's contentions. An Interim Resolution Professional was appointed, and necessary restrictions were imposed, underscoring the significance of evidence and procedural compliance in insolvency cases. Case-Laws Insolvency and Bankruptcy Tue, 20 Jul 2021 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=410442