https://www.taxtmi.com/caselaws?id=414828 The Tribunal found that the Corporate Debtor owed an operational debt to the Operational Creditor, as evidenced by the outstanding amount claimed. Disputes raised by the Corporate Debtor were deemed hypothetical, and the Petition under Section 9 of the Insolvency & Bankruptcy Code, 2016 was considered maintainable. Mr. Dhanshyam Kantilal Patel was appointed as the Interim Resolution Professional, and a Moratorium was declared. The Corporate Insolvency Resolution Process commenced, with the Tribunal directing communication of the order to the parties and the IRP. en-us Thu, 28 Oct 2021 00:00:00 +0530 Thu, 18 Nov 2021 07:19:41 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=414828 The Tribunal found that the Corporate Debtor owed an operational debt to the Operational Creditor, as evidenced by the outstanding amount claimed. Disputes raised by the Corporate Debtor were deemed hypothetical, and the Petition under Section 9 of the Insolvency & Bankruptcy Code, 2016 was considered maintainable. Mr. Dhanshyam Kantilal Patel was appointed as the Interim Resolution Professional, and a Moratorium was declared. The Corporate Insolvency Resolution Process commenced, with the Tribunal directing communication of the order to the parties and the IRP. Case-Laws Insolvency and Bankruptcy Thu, 28 Oct 2021 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=414828