https://www.taxtmi.com/caselaws?id=413488 The Tribunal admitted the application under section 9(5) of the Insolvency and Bankruptcy Code, 2016, filed by M/s. Finex Consultancy Services against M/S Plus Corporate Ventures Private Limited. The Corporate Debtor failed to contest the claim for outstanding dues of Rs. 4,00,000, leading to the appointment of Mr. Anil Rustgi as the Insolvency Resolution Professional. The Operational Creditor was directed to deposit Rs. 2 lakhs for expenses, and a moratorium was imposed on the Corporate Debtor under Section 14(1) of the Code. Compliance reports were required to be submitted to relevant authorities. en-us Mon, 04 Oct 2021 00:00:00 +0530 Wed, 13 Oct 2021 08:42:59 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=413488 The Tribunal admitted the application under section 9(5) of the Insolvency and Bankruptcy Code, 2016, filed by M/s. Finex Consultancy Services against M/S Plus Corporate Ventures Private Limited. The Corporate Debtor failed to contest the claim for outstanding dues of Rs. 4,00,000, leading to the appointment of Mr. Anil Rustgi as the Insolvency Resolution Professional. The Operational Creditor was directed to deposit Rs. 2 lakhs for expenses, and a moratorium was imposed on the Corporate Debtor under Section 14(1) of the Code. Compliance reports were required to be submitted to relevant authorities. Case-Laws Insolvency and Bankruptcy Mon, 04 Oct 2021 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=413488