https://www.taxtmi.com/caselaws?id=302275 An operational creditor's Section 9 application under the Insolvency and Bankruptcy Code was maintainable because default was proved through unpaid invoices and ledger entries, while the corporate debtor's notice of dispute did not show any pre-existing dispute before the demand notice. On that basis, the Tribunal found that the debt was operational and the default was established. The application was therefore admitted, corporate insolvency resolution proceedings were initiated, moratorium was declared, and an interim resolution professional was appointed to perform duties under the Code. en-us Wed, 13 Oct 2021 00:00:00 +0530 Fri, 13 May 2022 07:48:35 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=302275 An operational creditor's Section 9 application under the Insolvency and Bankruptcy Code was maintainable because default was proved through unpaid invoices and ledger entries, while the corporate debtor's notice of dispute did not show any pre-existing dispute before the demand notice. On that basis, the Tribunal found that the debt was operational and the default was established. The application was therefore admitted, corporate insolvency resolution proceedings were initiated, moratorium was declared, and an interim resolution professional was appointed to perform duties under the Code. Case-Laws Insolvency and Bankruptcy Wed, 13 Oct 2021 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=302275