https://www.taxtmi.com/caselaws?id=299876 The tribunal admitted the petition for the initiation of Corporate Insolvency Resolution Process (CIRP) against the Corporate Debtor, as the operational debt of over INR 1 lakh was found to be due and defaulted. The tribunal dismissed objections regarding the demand notice and board resolution, rejecting the Corporate Debtor's claim of a pre-existing dispute. A moratorium was declared, an Interim Resolution Professional appointed, and parties were instructed to cooperate with the IRP. The petition was admitted on 05.06.2020, with directions for communication of the order to relevant parties. en-us Fri, 05 Jun 2020 00:00:00 +0530 Mon, 03 Jan 2022 08:25:18 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=299876 The tribunal admitted the petition for the initiation of Corporate Insolvency Resolution Process (CIRP) against the Corporate Debtor, as the operational debt of over INR 1 lakh was found to be due and defaulted. The tribunal dismissed objections regarding the demand notice and board resolution, rejecting the Corporate Debtor's claim of a pre-existing dispute. A moratorium was declared, an Interim Resolution Professional appointed, and parties were instructed to cooperate with the IRP. The petition was admitted on 05.06.2020, with directions for communication of the order to relevant parties. Case-Laws Insolvency and Bankruptcy Fri, 05 Jun 2020 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=299876