https://www.taxtmi.com/caselaws?id=418546 The Tribunal ruled in favor of the applicant, an operational creditor, in an application under section 9 of the Insolvency and Bankruptcy Code, 2016, against the respondent company. The respondent's dispute on the nature of the claimed debt and limitation argument were dismissed. The Tribunal noted the respondent's admission of liability, established the debt as operational, appointed an Insolvency Resolution Professional, ordered fund deposition, and imposed a moratorium under Section 14 of the Code. The judgment emphasized legal nuances of operational debt, addressing disputes, limitation periods, and procedural compliance. en-us Fri, 04 Feb 2022 00:00:00 +0530 Fri, 18 Feb 2022 10:20:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=418546 The Tribunal ruled in favor of the applicant, an operational creditor, in an application under section 9 of the Insolvency and Bankruptcy Code, 2016, against the respondent company. The respondent's dispute on the nature of the claimed debt and limitation argument were dismissed. The Tribunal noted the respondent's admission of liability, established the debt as operational, appointed an Insolvency Resolution Professional, ordered fund deposition, and imposed a moratorium under Section 14 of the Code. The judgment emphasized legal nuances of operational debt, addressing disputes, limitation periods, and procedural compliance. Case-Laws Insolvency and Bankruptcy Fri, 04 Feb 2022 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=418546