https://www.taxtmi.com/caselaws?id=301558 The Operational Creditor filed an application under section 9 of the Insolvency & Bankruptcy Code, 2016 against the Corporate Debtor for default in payment. The debt was supported by evidence, and despite acknowledgment by the Corporate Debtor, the outstanding amount remained unpaid. The Applicant fulfilled procedural requirements, and the Bench admitted the application. Mr. Laxman Digambar Pawar was appointed as the Interim Resolution Professional. A moratorium was declared under section 14 of the I&B Code, ensuring the continuation of essential supplies. The resolution process was initiated, and relevant parties were promptly informed of the order. en-us Fri, 30 Aug 2019 00:00:00 +0530 Fri, 08 Apr 2022 21:01:18 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=301558 The Operational Creditor filed an application under section 9 of the Insolvency & Bankruptcy Code, 2016 against the Corporate Debtor for default in payment. The debt was supported by evidence, and despite acknowledgment by the Corporate Debtor, the outstanding amount remained unpaid. The Applicant fulfilled procedural requirements, and the Bench admitted the application. Mr. Laxman Digambar Pawar was appointed as the Interim Resolution Professional. A moratorium was declared under section 14 of the I&B Code, ensuring the continuation of essential supplies. The resolution process was initiated, and relevant parties were promptly informed of the order. Case-Laws Insolvency and Bankruptcy Fri, 30 Aug 2019 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=301558