https://www.taxtmi.com/caselaws?id=424680 The Tribunal admitted the application under Section 9(5) of the Insolvency and Bankruptcy Code, 2016, for initiation of Corporate Insolvency Resolution Process against the respondent company. Despite the respondent's objections, the Tribunal found evidence of debt and default, emphasizing the need for a genuine dispute. An Interim Resolution Professional was appointed, and the applicant was directed to deposit funds for expenses. The moratorium under Section 14(1) of the Code was imposed, with compliance reports mandated and relevant parties informed, including the Registrar of Companies for record updates. en-us Mon, 20 Jun 2022 00:00:00 +0530 Tue, 05 Jul 2022 18:45:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=424680 The Tribunal admitted the application under Section 9(5) of the Insolvency and Bankruptcy Code, 2016, for initiation of Corporate Insolvency Resolution Process against the respondent company. Despite the respondent's objections, the Tribunal found evidence of debt and default, emphasizing the need for a genuine dispute. An Interim Resolution Professional was appointed, and the applicant was directed to deposit funds for expenses. The moratorium under Section 14(1) of the Code was imposed, with compliance reports mandated and relevant parties informed, including the Registrar of Companies for record updates. Case-Laws Insolvency and Bankruptcy Mon, 20 Jun 2022 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=424680