https://www.taxtmi.com/caselaws?id=299146 The court ruled in favor of the petitioner, allowing the initiation of the Corporate Insolvency Resolution Process (CIRP) against the Corporate Debtor for defaulting on payments. The court rejected the Corporate Debtor's claims of making payments to petitioner's employees, emphasizing the dishonored cheques and lack of genuine disputes. An Interim Resolution Professional was appointed, and a Moratorium was declared to facilitate the CIRP process, ensuring protection for both parties involved. en-us Thu, 13 Feb 2020 00:00:00 +0530 Sun, 05 Dec 2021 14:39:17 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=299146 The court ruled in favor of the petitioner, allowing the initiation of the Corporate Insolvency Resolution Process (CIRP) against the Corporate Debtor for defaulting on payments. The court rejected the Corporate Debtor's claims of making payments to petitioner's employees, emphasizing the dishonored cheques and lack of genuine disputes. An Interim Resolution Professional was appointed, and a Moratorium was declared to facilitate the CIRP process, ensuring protection for both parties involved. Case-Laws Insolvency and Bankruptcy Thu, 13 Feb 2020 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=299146