https://www.taxtmi.com/caselaws?id=424539 The Tribunal admitted the petition under Section 9 of the Insolvency and Bankruptcy Code, 2016, against the respondent company for an unpaid debt. The demand notice was validly served, the debt was undisputed, and the application was timely filed. Consequently, a moratorium was imposed, appointing an Interim Resolution Professional to manage the debtor's affairs and initiate the insolvency resolution process. The petitioner was directed to deposit funds for immediate expenses, and the resolution process would proceed under the supervision of the appointed professional and a Committee of Creditors. en-us Mon, 27 Jun 2022 00:00:00 +0530 Fri, 01 Jul 2022 18:43:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=424539 The Tribunal admitted the petition under Section 9 of the Insolvency and Bankruptcy Code, 2016, against the respondent company for an unpaid debt. The demand notice was validly served, the debt was undisputed, and the application was timely filed. Consequently, a moratorium was imposed, appointing an Interim Resolution Professional to manage the debtor's affairs and initiate the insolvency resolution process. The petitioner was directed to deposit funds for immediate expenses, and the resolution process would proceed under the supervision of the appointed professional and a Committee of Creditors. Case-Laws Insolvency and Bankruptcy Mon, 27 Jun 2022 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=424539