https://www.taxtmi.com/caselaws?id=418762 The Tribunal found in favor of the Operational Creditors, holding the Corporate Debtor liable for unpaid dues of Rs. 1,34,08,000. The Tribunal concluded that the Corporate Debtor was not merely an agent but a principal in the transaction, and therefore, liable to pay the outstanding amount to the Operational Creditors. Consequently, the Tribunal admitted the petition, initiated the Corporate Insolvency Resolution Process, and appointed an Insolvency Resolution Professional for the Corporate Debtor. en-us Tue, 15 Feb 2022 00:00:00 +0530 Thu, 24 Feb 2022 07:12:54 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=418762 The Tribunal found in favor of the Operational Creditors, holding the Corporate Debtor liable for unpaid dues of Rs. 1,34,08,000. The Tribunal concluded that the Corporate Debtor was not merely an agent but a principal in the transaction, and therefore, liable to pay the outstanding amount to the Operational Creditors. Consequently, the Tribunal admitted the petition, initiated the Corporate Insolvency Resolution Process, and appointed an Insolvency Resolution Professional for the Corporate Debtor. Case-Laws Insolvency and Bankruptcy Tue, 15 Feb 2022 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=418762