https://www.taxtmi.com/caselaws?id=413798 The Tribunal found in favor of the Operational Creditor (OC) in a petition under Section 9 of the Insolvency and Bankruptcy Code, 2016, against the Corporate Debtor (CD) for defaulting on a payment of professional services. The CD's partial payment and failure to clear the outstanding amount without disputing the debt led to the initiation of the Corporate Insolvency Resolution Process (CIRP). The Tribunal appointed an Interim Resolution Professional (IRP) to oversee the resolution process, declared a moratorium under Section 14 of the IBC, and directed the parties to comply with statutory obligations for a smooth resolution process. en-us Tue, 24 Aug 2021 00:00:00 +0530 Thu, 21 Oct 2021 08:17:05 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=413798 The Tribunal found in favor of the Operational Creditor (OC) in a petition under Section 9 of the Insolvency and Bankruptcy Code, 2016, against the Corporate Debtor (CD) for defaulting on a payment of professional services. The CD's partial payment and failure to clear the outstanding amount without disputing the debt led to the initiation of the Corporate Insolvency Resolution Process (CIRP). The Tribunal appointed an Interim Resolution Professional (IRP) to oversee the resolution process, declared a moratorium under Section 14 of the IBC, and directed the parties to comply with statutory obligations for a smooth resolution process. Case-Laws Insolvency and Bankruptcy Tue, 24 Aug 2021 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=413798