https://www.taxtmi.com/caselaws?id=414182 The Adjudicating Authority admitted the Operational Creditor's application under Section 9 of the Insolvency and Bankruptcy Code, 2016, for initiation of Corporate Insolvency Resolution Process against the Corporate Debtor. The claimed debt was disputed by the Corporate Debtor, citing delivery delays and order cancellations, but the defense was deemed unsubstantiated. Consequently, the Adjudicating Authority declared a moratorium, appointed an Interim Resolution Professional, and directed actions to manage the CIRP efficiently, ensuring continuity of services and payments. en-us Thu, 07 Oct 2021 00:00:00 +0530 Sat, 30 Oct 2021 08:06:51 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=414182 The Adjudicating Authority admitted the Operational Creditor's application under Section 9 of the Insolvency and Bankruptcy Code, 2016, for initiation of Corporate Insolvency Resolution Process against the Corporate Debtor. The claimed debt was disputed by the Corporate Debtor, citing delivery delays and order cancellations, but the defense was deemed unsubstantiated. Consequently, the Adjudicating Authority declared a moratorium, appointed an Interim Resolution Professional, and directed actions to manage the CIRP efficiently, ensuring continuity of services and payments. Case-Laws Insolvency and Bankruptcy Thu, 07 Oct 2021 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=414182