https://www.taxtmi.com/caselaws?id=423046 The Tribunal admitted the petition under section 9 of the Insolvency and Bankruptcy Code, 2016, based on the establishment of operational debt and default by the Corporate Debtor. Evidence presented by the Operational Creditor, including purchase orders and ledger accounts, supported the claim, while the Corporate Debtor's challenges were not upheld. Consequently, the Tribunal declared moratorium, appointed an Interim Resolution Professional, and issued necessary directions to ensure the resolution process. The petition was officially admitted, and the Corporate Debtor's status was updated accordingly. en-us Fri, 13 May 2022 00:00:00 +0530 Sat, 28 May 2022 09:36:11 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=423046 The Tribunal admitted the petition under section 9 of the Insolvency and Bankruptcy Code, 2016, based on the establishment of operational debt and default by the Corporate Debtor. Evidence presented by the Operational Creditor, including purchase orders and ledger accounts, supported the claim, while the Corporate Debtor's challenges were not upheld. Consequently, the Tribunal declared moratorium, appointed an Interim Resolution Professional, and issued necessary directions to ensure the resolution process. The petition was officially admitted, and the Corporate Debtor's status was updated accordingly. Case-Laws Insolvency and Bankruptcy Fri, 13 May 2022 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=423046