https://www.taxtmi.com/caselaws?id=421697 The Tribunal admitted the application filed under Section 9 of the Insolvency and Bankruptcy Code, 2016, by the Operational Creditor against the Corporate Debtor for outstanding operational debt. Despite the Corporate Debtor disputing the amount claimed and alleging concealed payments, the Tribunal emphasized the need for genuine disputes supported by evidence. The application was admitted, an Interim Resolution Professional was appointed, and a moratorium was declared to protect the Corporate Debtor from certain actions, ensuring the continuation of essential services during the Corporate Insolvency Resolution Process. en-us Mon, 18 Apr 2022 00:00:00 +0530 Sat, 30 Apr 2022 08:09:33 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=421697 The Tribunal admitted the application filed under Section 9 of the Insolvency and Bankruptcy Code, 2016, by the Operational Creditor against the Corporate Debtor for outstanding operational debt. Despite the Corporate Debtor disputing the amount claimed and alleging concealed payments, the Tribunal emphasized the need for genuine disputes supported by evidence. The application was admitted, an Interim Resolution Professional was appointed, and a moratorium was declared to protect the Corporate Debtor from certain actions, ensuring the continuation of essential services during the Corporate Insolvency Resolution Process. Case-Laws Insolvency and Bankruptcy Mon, 18 Apr 2022 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=421697