https://www.taxtmi.com/caselaws?id=414403 The petition filed under Section 9 of the Insolvency and Bankruptcy Code, 2016 by the Operational Creditor against the Corporate Debtor was admitted. The Adjudicating Authority established jurisdiction, considering the unpaid operational debt and default by the Corporate Debtor. Service of the demand notice was proven, and the Corporate Debtor did not dispute the debt. The petition was filed within the limitation period, and all statutory requirements were met. Consequently, a moratorium was declared, appointing an Interim Resolution Professional to oversee the resolution process and manage the Committee of Creditors. en-us Wed, 06 Oct 2021 00:00:00 +0530 Mon, 08 Nov 2021 06:59:52 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=414403 The petition filed under Section 9 of the Insolvency and Bankruptcy Code, 2016 by the Operational Creditor against the Corporate Debtor was admitted. The Adjudicating Authority established jurisdiction, considering the unpaid operational debt and default by the Corporate Debtor. Service of the demand notice was proven, and the Corporate Debtor did not dispute the debt. The petition was filed within the limitation period, and all statutory requirements were met. Consequently, a moratorium was declared, appointing an Interim Resolution Professional to oversee the resolution process and manage the Committee of Creditors. Case-Laws Insolvency and Bankruptcy Wed, 06 Oct 2021 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=414403