https://www.taxtmi.com/caselaws?id=416345 The Tribunal admitted the Operational Creditor's application under Section 9 of the Insolvency and Bankruptcy Code, 2016, initiating the Corporate Insolvency Resolution Process against the Corporate Debtor for non-payment of dues amounting to Rs. 2,46,359. The Corporate Debtor failed to contest the application, leading to an ex-parte order. The Tribunal found that the debt was undisputed, within the limitation period, and met the prescribed threshold under Section 41 of IBC. It declared a moratorium under Section 14(1), appointed an Interim Resolution Professional, and directed cooperation from all personnel associated with the Corporate Debtor for the smooth conduct of the process. en-us Tue, 07 Dec 2021 00:00:00 +0530 Mon, 27 Dec 2021 06:36:13 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=416345 The Tribunal admitted the Operational Creditor's application under Section 9 of the Insolvency and Bankruptcy Code, 2016, initiating the Corporate Insolvency Resolution Process against the Corporate Debtor for non-payment of dues amounting to Rs. 2,46,359. The Corporate Debtor failed to contest the application, leading to an ex-parte order. The Tribunal found that the debt was undisputed, within the limitation period, and met the prescribed threshold under Section 41 of IBC. It declared a moratorium under Section 14(1), appointed an Interim Resolution Professional, and directed cooperation from all personnel associated with the Corporate Debtor for the smooth conduct of the process. Case-Laws Insolvency and Bankruptcy Tue, 07 Dec 2021 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=416345