https://www.taxtmi.com/caselaws?id=416991 The Tribunal admitted the petition filed under Section 9 of the Insolvency and Bankruptcy Code, 2016, against a limited company for non-payment of dues. An ex parte hearing was conducted as the Corporate Debtor did not respond. The Tribunal found the debt valid and undisputed, appointing an Interim Resolution Professional to manage the Corporate Debtor's affairs and enforce a moratorium, in line with the Code's provisions. The judgment upheld the legal framework of insolvency proceedings and safeguarded creditors' rights. en-us Wed, 22 Dec 2021 00:00:00 +0530 Thu, 13 Jan 2022 08:59:20 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=416991 The Tribunal admitted the petition filed under Section 9 of the Insolvency and Bankruptcy Code, 2016, against a limited company for non-payment of dues. An ex parte hearing was conducted as the Corporate Debtor did not respond. The Tribunal found the debt valid and undisputed, appointing an Interim Resolution Professional to manage the Corporate Debtor's affairs and enforce a moratorium, in line with the Code's provisions. The judgment upheld the legal framework of insolvency proceedings and safeguarded creditors' rights. Case-Laws Insolvency and Bankruptcy Wed, 22 Dec 2021 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=416991