https://www.taxtmi.com/caselaws?id=415240 The National Company Law Tribunal, Mumbai Bench, admitted a Company Petition under the Insolvency & Bankruptcy Code, 2016, filed by an Operational Creditor against a Corporate Debtor for outstanding dues of Rs. 26,50,927. The Corporate Debtor disputed the claim, alleging excess supply and inferior quality of goods. Despite initially denying liability, the Corporate Debtor had previously admitted to it. The Tribunal found the claim valid, declared a moratorium, and appointed an interim resolution professional to oversee the Corporate Insolvency Resolution Process. en-us Mon, 15 Nov 2021 00:00:00 +0530 Wed, 01 Dec 2021 08:49:35 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=415240 The National Company Law Tribunal, Mumbai Bench, admitted a Company Petition under the Insolvency & Bankruptcy Code, 2016, filed by an Operational Creditor against a Corporate Debtor for outstanding dues of Rs. 26,50,927. The Corporate Debtor disputed the claim, alleging excess supply and inferior quality of goods. Despite initially denying liability, the Corporate Debtor had previously admitted to it. The Tribunal found the claim valid, declared a moratorium, and appointed an interim resolution professional to oversee the Corporate Insolvency Resolution Process. Case-Laws Insolvency and Bankruptcy Mon, 15 Nov 2021 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=415240