https://www.taxtmi.com/caselaws?id=419774 The Tribunal found in favor of the Operational Creditor in an application under Section 9 of the Insolvency & Bankruptcy Code, 2016 against the Corporate Debtor for a debt of Rs. 9,98,798.06. The Operational Creditor proved the existence of debt and default, leading to the initiation of the Corporate Insolvency Resolution Process. A moratorium under Section 14(1) was imposed on the Corporate Debtor, appointing an Interim Resolution Professional to manage affairs and conduct the resolution process. The Operational Creditor was directed to pay expenses, and the application was admitted under Section 9(5) of the IBC, 2016. en-us Mon, 07 Mar 2022 00:00:00 +0530 Mon, 21 Mar 2022 08:13:15 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=419774 The Tribunal found in favor of the Operational Creditor in an application under Section 9 of the Insolvency & Bankruptcy Code, 2016 against the Corporate Debtor for a debt of Rs. 9,98,798.06. The Operational Creditor proved the existence of debt and default, leading to the initiation of the Corporate Insolvency Resolution Process. A moratorium under Section 14(1) was imposed on the Corporate Debtor, appointing an Interim Resolution Professional to manage affairs and conduct the resolution process. The Operational Creditor was directed to pay expenses, and the application was admitted under Section 9(5) of the IBC, 2016. Case-Laws Insolvency and Bankruptcy Mon, 07 Mar 2022 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=419774