https://www.taxtmi.com/caselaws?id=412850 An operational creditor's section 9 application was admitted after the NCLT found that invoices, a section 8 demand notice, and material showing non-payment established both debt and default. The corporate debtor did not appear despite notice and was proceeded ex parte. On that basis, corporate insolvency resolution process was initiated, moratorium under section 14 was directed, and the proposed interim resolution professional was confirmed to carry out duties under sections 15, 17 and 18 of the Insolvency and Bankruptcy Code, 2016. en-us Fri, 17 Sep 2021 00:00:00 +0530 Wed, 29 Sep 2021 11:03:06 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=412850 An operational creditor's section 9 application was admitted after the NCLT found that invoices, a section 8 demand notice, and material showing non-payment established both debt and default. The corporate debtor did not appear despite notice and was proceeded ex parte. On that basis, corporate insolvency resolution process was initiated, moratorium under section 14 was directed, and the proposed interim resolution professional was confirmed to carry out duties under sections 15, 17 and 18 of the Insolvency and Bankruptcy Code, 2016. Case-Laws Insolvency and Bankruptcy Fri, 17 Sep 2021 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=412850