https://www.taxtmi.com/caselaws?id=414025 The Tribunal admitted the Company Petition for the initiation of Corporate Insolvency Resolution Process (CIRP) against the Corporate Debtor, appointing an Interim Resolution Professional. The decision was based on the lack of proof of a pre-existing dispute by the Corporate Debtor, as the Tribunal found the Operational Creditor's claims valid and the Corporate Debtor's defenses insufficient. The judgment emphasized the importance of meeting legal requirements and providing evidence in insolvency proceedings. en-us Thu, 07 Oct 2021 00:00:00 +0530 Wed, 27 Oct 2021 09:19:24 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=414025 The Tribunal admitted the Company Petition for the initiation of Corporate Insolvency Resolution Process (CIRP) against the Corporate Debtor, appointing an Interim Resolution Professional. The decision was based on the lack of proof of a pre-existing dispute by the Corporate Debtor, as the Tribunal found the Operational Creditor's claims valid and the Corporate Debtor's defenses insufficient. The judgment emphasized the importance of meeting legal requirements and providing evidence in insolvency proceedings. Case-Laws Insolvency and Bankruptcy Thu, 07 Oct 2021 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=414025