https://www.taxtmi.com/caselaws?id=419418 The National Company Law Tribunal, New Delhi Bench, admitted the application under Section 9 of the Insolvency and Bankruptcy Code, 2016, filed by the operational creditor against the respondent corporate debtor. The Tribunal found sufficient evidence supporting the claim, including the respondent's admission of liability and absence of pending disputes. An Insolvency Resolution Professional was appointed, and the applicant was directed to deposit funds for expenses. A moratorium was imposed on the corporate debtor as per Section 14 of the Code, prohibiting certain actions and ensuring compliance with relevant provisions. en-us Mon, 21 Feb 2022 00:00:00 +0530 Fri, 11 Mar 2022 07:59:21 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=419418 The National Company Law Tribunal, New Delhi Bench, admitted the application under Section 9 of the Insolvency and Bankruptcy Code, 2016, filed by the operational creditor against the respondent corporate debtor. The Tribunal found sufficient evidence supporting the claim, including the respondent's admission of liability and absence of pending disputes. An Insolvency Resolution Professional was appointed, and the applicant was directed to deposit funds for expenses. A moratorium was imposed on the corporate debtor as per Section 14 of the Code, prohibiting certain actions and ensuring compliance with relevant provisions. Case-Laws Insolvency and Bankruptcy Mon, 21 Feb 2022 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=419418