https://www.taxtmi.com/caselaws?id=301231 The Adjudicating Authority admitted the Company Petition filed by the Operational Creditor, a Public Limited Company, to initiate Corporate Insolvency Resolution Process (CIRP) against the Corporate Debtor, a public company, for non-payment of a debt amounting to Rs. 34,11,111/- along with interest at 18% per annum. The default was established, meeting the minimum debt amount criteria under section 4(1) of the Insolvency & Bankruptcy Code, 2016. Counter-claims raised by the Corporate Debtor were not substantiated, leading to the admission of the petition and appointment of an Interim Resolution Professional for the Corporate Debtor. en-us Tue, 17 Dec 2019 00:00:00 +0530 Tue, 22 Mar 2022 08:57:15 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=301231 The Adjudicating Authority admitted the Company Petition filed by the Operational Creditor, a Public Limited Company, to initiate Corporate Insolvency Resolution Process (CIRP) against the Corporate Debtor, a public company, for non-payment of a debt amounting to Rs. 34,11,111/- along with interest at 18% per annum. The default was established, meeting the minimum debt amount criteria under section 4(1) of the Insolvency & Bankruptcy Code, 2016. Counter-claims raised by the Corporate Debtor were not substantiated, leading to the admission of the petition and appointment of an Interim Resolution Professional for the Corporate Debtor. Case-Laws Insolvency and Bankruptcy Tue, 17 Dec 2019 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=301231