https://www.taxtmi.com/caselaws?id=414402 The Tribunal found that the demand notice was properly served on the corporate debtor. The operational debt was not disputed as the debtor admitted owing the money due to financial crisis and partial payments were acknowledged. The application was filed within the limitation period. With evidence of unpaid debt exceeding Rs. 1,00,000 and compliance with Section 9 of the Insolvency and Bankruptcy Code, the petition was admitted. A moratorium was declared under Section 14, and an Interim Resolution Professional was appointed to manage the resolution process, including forming a Committee of Creditors and submitting progress reports. en-us Wed, 06 Oct 2021 00:00:00 +0530 Mon, 08 Nov 2021 06:59:50 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=414402 The Tribunal found that the demand notice was properly served on the corporate debtor. The operational debt was not disputed as the debtor admitted owing the money due to financial crisis and partial payments were acknowledged. The application was filed within the limitation period. With evidence of unpaid debt exceeding Rs. 1,00,000 and compliance with Section 9 of the Insolvency and Bankruptcy Code, the petition was admitted. A moratorium was declared under Section 14, and an Interim Resolution Professional was appointed to manage the resolution process, including forming a Committee of Creditors and submitting progress reports. Case-Laws Insolvency and Bankruptcy Wed, 06 Oct 2021 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=414402