https://www.taxtmi.com/caselaws?id=420407 The National Company Law Tribunal in Mumbai dismissed the objection on jurisdiction raised by the Respondent, affirming its authority to entertain the application due to the Corporate Debtor's registered office location. The Tribunal admitted the petition for Corporate Insolvency Resolution Process against the Corporate Debtor based on non-payment of dues, lack of dispute on outstanding amounts, and failure to raise pre-existing disputes. Mr. Balaji Prithviraj Singh was appointed as the Interim Resolution Professional. A moratorium under section 14 of the Insolvency and Bankruptcy Code was declared, with directions for the Operational Creditor to deposit funds for initial resolution process expenses. en-us Thu, 24 Mar 2022 00:00:00 +0530 Sat, 02 Apr 2022 08:33:47 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=420407 The National Company Law Tribunal in Mumbai dismissed the objection on jurisdiction raised by the Respondent, affirming its authority to entertain the application due to the Corporate Debtor's registered office location. The Tribunal admitted the petition for Corporate Insolvency Resolution Process against the Corporate Debtor based on non-payment of dues, lack of dispute on outstanding amounts, and failure to raise pre-existing disputes. Mr. Balaji Prithviraj Singh was appointed as the Interim Resolution Professional. A moratorium under section 14 of the Insolvency and Bankruptcy Code was declared, with directions for the Operational Creditor to deposit funds for initial resolution process expenses. Case-Laws Insolvency and Bankruptcy Thu, 24 Mar 2022 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=420407