https://www.taxtmi.com/caselaws?id=415593 The court admitted the application under Section 9 of the Insolvency and Bankruptcy Code, 2016, finding the operational creditor had satisfied all procedural requirements. It established the existence of operational debt and default by the corporate debtor, upheld the validity and enforceability of the settlement agreement, dismissed allegations of pre-existing disputes as fraudulent, and allowed the operational creditor to file the petition despite withdrawal of a previous petition. The court declared a moratorium, appointed an Interim Resolution Professional, and directed the operational creditor to deposit a specified amount. The case is listed for a progress report on January 12, 2022. en-us Wed, 03 Nov 2021 00:00:00 +0530 Thu, 09 Dec 2021 08:38:12 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=415593 The court admitted the application under Section 9 of the Insolvency and Bankruptcy Code, 2016, finding the operational creditor had satisfied all procedural requirements. It established the existence of operational debt and default by the corporate debtor, upheld the validity and enforceability of the settlement agreement, dismissed allegations of pre-existing disputes as fraudulent, and allowed the operational creditor to file the petition despite withdrawal of a previous petition. The court declared a moratorium, appointed an Interim Resolution Professional, and directed the operational creditor to deposit a specified amount. The case is listed for a progress report on January 12, 2022. Case-Laws Insolvency and Bankruptcy Wed, 03 Nov 2021 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=415593