https://www.taxtmi.com/caselaws?id=301813 The court admitted the petition for Corporate Insolvency Resolution Process against the Corporate Debtor due to default in payment. The Corporate Debtor confirmed the debt, acknowledging the outstanding amount owed to the Petitioner. Despite disputing the invoices as materials supplied, the confirmation of the balance by the Corporate Debtor supported the Petitioner's claim. The court appointed an Interim Resolution Professional and declared a Moratorium, issuing directions to maintain essential services and prohibiting suits against the Corporate Debtor until the resolution process's completion or further orders. en-us Wed, 13 Nov 2019 00:00:00 +0530 Thu, 21 Apr 2022 20:56:41 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=301813 The court admitted the petition for Corporate Insolvency Resolution Process against the Corporate Debtor due to default in payment. The Corporate Debtor confirmed the debt, acknowledging the outstanding amount owed to the Petitioner. Despite disputing the invoices as materials supplied, the confirmation of the balance by the Corporate Debtor supported the Petitioner's claim. The court appointed an Interim Resolution Professional and declared a Moratorium, issuing directions to maintain essential services and prohibiting suits against the Corporate Debtor until the resolution process's completion or further orders. Case-Laws Insolvency and Bankruptcy Wed, 13 Nov 2019 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=301813