https://www.taxtmi.com/caselaws?id=413438 The Tribunal admitted the Company Petition for the initiation of Corporate Insolvency Resolution Process (CIRP) against the Corporate Debtor due to default in payment to the Operational Creditor. The Corporate Debtor's inconsistent statements and delaying tactics were noted, with the Tribunal dismissing claims of pre-existing disputes. The Operational Creditor successfully proved the debt and default, leading to the appointment of an Interim Resolution Professional to manage the CIRP effectively. en-us Tue, 05 Oct 2021 00:00:00 +0530 Tue, 12 Oct 2021 09:28:45 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=413438 The Tribunal admitted the Company Petition for the initiation of Corporate Insolvency Resolution Process (CIRP) against the Corporate Debtor due to default in payment to the Operational Creditor. The Corporate Debtor's inconsistent statements and delaying tactics were noted, with the Tribunal dismissing claims of pre-existing disputes. The Operational Creditor successfully proved the debt and default, leading to the appointment of an Interim Resolution Professional to manage the CIRP effectively. Case-Laws Insolvency and Bankruptcy Tue, 05 Oct 2021 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=413438