https://www.taxtmi.com/caselaws?id=423937 An operational creditor succeeded in showing supply of goods, an operational debt, service of a demand notice, and continuing default, while the corporate debtor failed to dislodge the claim on merits. On that basis, the Adjudicating Authority found the statutory requirements for admission under Section 9 of the Insolvency and Bankruptcy Code, 2016 satisfied and admitted the application. Corporate Insolvency Resolution Process was directed to commence, with appointment of the proposed Interim Resolution Professional and the attendant statutory consequences, including moratorium and vesting of management in the IRP. en-us Wed, 25 May 2022 00:00:00 +0530 Sat, 18 Jun 2022 09:02:45 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=423937 An operational creditor succeeded in showing supply of goods, an operational debt, service of a demand notice, and continuing default, while the corporate debtor failed to dislodge the claim on merits. On that basis, the Adjudicating Authority found the statutory requirements for admission under Section 9 of the Insolvency and Bankruptcy Code, 2016 satisfied and admitted the application. Corporate Insolvency Resolution Process was directed to commence, with appointment of the proposed Interim Resolution Professional and the attendant statutory consequences, including moratorium and vesting of management in the IRP. Case-Laws Insolvency and Bankruptcy Wed, 25 May 2022 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=423937