https://www.taxtmi.com/caselaws?id=419714 The Tribunal ruled in favor of the applicant, M/s. R.R. Distributers Private Limited, in the application under Section 9 of the Insolvency and Bankruptcy Code, 2016, against M/s. Kanodia Technoplast Limited. The corporate debtor's objections were dismissed, finding that the applicant's claims were valid and that the default amount exceeded the threshold for initiating insolvency proceedings. Mr. Navjit Singh was appointed as the Interim Resolution Professional, a moratorium was declared, and specific responsibilities were outlined for the management of the corporate debtor's affairs. en-us Tue, 08 Mar 2022 00:00:00 +0530 Sat, 19 Mar 2022 07:35:46 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=419714 The Tribunal ruled in favor of the applicant, M/s. R.R. Distributers Private Limited, in the application under Section 9 of the Insolvency and Bankruptcy Code, 2016, against M/s. Kanodia Technoplast Limited. The corporate debtor's objections were dismissed, finding that the applicant's claims were valid and that the default amount exceeded the threshold for initiating insolvency proceedings. Mr. Navjit Singh was appointed as the Interim Resolution Professional, a moratorium was declared, and specific responsibilities were outlined for the management of the corporate debtor's affairs. Case-Laws Insolvency and Bankruptcy Tue, 08 Mar 2022 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=419714