https://www.taxtmi.com/caselaws?id=417666 The Tribunal admitted the operational creditor's application under section 9 of the Insolvency and Bankruptcy Code, 2016, for initiating the Corporate Insolvency Resolution Process against the Corporate Debtor. An Interim Resolution Professional (IRP) was appointed, a moratorium was imposed, and various directives were issued to ensure orderly resolution proceedings. The Tribunal found the outstanding dues valid, established jurisdiction, and noted the Corporate Debtor's failure to contest the default in payment, leading to the admission of the application. en-us Fri, 07 Jan 2022 00:00:00 +0530 Sat, 29 Jan 2022 08:42:52 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=417666 The Tribunal admitted the operational creditor's application under section 9 of the Insolvency and Bankruptcy Code, 2016, for initiating the Corporate Insolvency Resolution Process against the Corporate Debtor. An Interim Resolution Professional (IRP) was appointed, a moratorium was imposed, and various directives were issued to ensure orderly resolution proceedings. The Tribunal found the outstanding dues valid, established jurisdiction, and noted the Corporate Debtor's failure to contest the default in payment, leading to the admission of the application. Case-Laws Insolvency and Bankruptcy Fri, 07 Jan 2022 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=417666