https://www.taxtmi.com/caselaws?id=297233 An operational creditor's Section 9 application under the Insolvency and Bankruptcy Code was held maintainable because no suit, arbitration, or other real pre-existing dispute was pending on the date of the demand notice or filing. The Tribunal found that the corporate debtor's challenge to the arbitral award had already been dismissed in default and was not pending, so the dispute objection did not bar admission. It also recorded that the statutory conditions for admission were satisfied and that no disciplinary proceeding was pending against the proposed insolvency professional. The corporate debtor was admitted into Corporate Insolvency Resolution Process, moratorium was declared, and an Interim Resolution Professional was appointed. en-us Wed, 30 Sep 2020 00:00:00 +0530 Tue, 24 Aug 2021 08:12:58 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=297233 An operational creditor's Section 9 application under the Insolvency and Bankruptcy Code was held maintainable because no suit, arbitration, or other real pre-existing dispute was pending on the date of the demand notice or filing. The Tribunal found that the corporate debtor's challenge to the arbitral award had already been dismissed in default and was not pending, so the dispute objection did not bar admission. It also recorded that the statutory conditions for admission were satisfied and that no disciplinary proceeding was pending against the proposed insolvency professional. The corporate debtor was admitted into Corporate Insolvency Resolution Process, moratorium was declared, and an Interim Resolution Professional was appointed. Case-Laws Insolvency and Bankruptcy Wed, 30 Sep 2020 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=297233