https://www.taxtmi.com/caselaws?id=297187 The National Company Law Tribunal, New Delhi Bench, ruled in favor of the Operational Creditor in the case involving the initiation of Corporate Insolvency Resolution Process under Section 9 of the Insolvency and Bankruptcy Code, 2016. The Tribunal found that the Corporate Debtor failed to make salary payments, causing financial hardships to the Operational Creditor. Despite the Corporate Debtor disputing the claim and alleging mala fide intentions and suppression of material facts by the Operational Creditor, the Tribunal held in favor of the Operational Creditor, emphasizing the overdue salary payment issue. en-us Tue, 18 Feb 2020 00:00:00 +0530 Sun, 22 Aug 2021 12:07:27 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=297187 The National Company Law Tribunal, New Delhi Bench, ruled in favor of the Operational Creditor in the case involving the initiation of Corporate Insolvency Resolution Process under Section 9 of the Insolvency and Bankruptcy Code, 2016. The Tribunal found that the Corporate Debtor failed to make salary payments, causing financial hardships to the Operational Creditor. Despite the Corporate Debtor disputing the claim and alleging mala fide intentions and suppression of material facts by the Operational Creditor, the Tribunal held in favor of the Operational Creditor, emphasizing the overdue salary payment issue. Case-Laws Insolvency and Bankruptcy Tue, 18 Feb 2020 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=297187