https://www.taxtmi.com/caselaws?id=424681 The Tribunal admitted the petition under Section 9(5) of IBC, 2016, and appointed an Interim Resolution Professional. A moratorium was declared, and the Operational Creditor was directed to pay expenses to the IRP. The court found that Section 10A of IBC, 2016 was not applicable due to the timing of the defaults. The existence of a pre-existing dispute was rejected, and the CIRP was initiated for the Corporate Debtor. en-us Mon, 27 Jun 2022 00:00:00 +0530 Thu, 07 Jul 2022 09:03:28 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=424681 The Tribunal admitted the petition under Section 9(5) of IBC, 2016, and appointed an Interim Resolution Professional. A moratorium was declared, and the Operational Creditor was directed to pay expenses to the IRP. The court found that Section 10A of IBC, 2016 was not applicable due to the timing of the defaults. The existence of a pre-existing dispute was rejected, and the CIRP was initiated for the Corporate Debtor. Case-Laws Insolvency and Bankruptcy Mon, 27 Jun 2022 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=424681