https://www.taxtmi.com/caselaws?id=425315 The Tribunal confirmed jurisdiction to initiate Corporate Insolvency Resolution Process under section 9 of the Insolvency & Bankruptcy Code based on the non-payment default by the Corporate Debtor. The Operational Creditor's application, supported by evidence of default and debt due, was admitted. An Insolvency Professional was appointed to manage the resolution process, with a moratorium imposed under section 14 of the IBC to protect the Corporate Debtor's assets. The judgment provides a thorough overview of the legal proceedings and outcomes of the case. en-us Tue, 07 Jun 2022 00:00:00 +0530 Wed, 20 Jul 2022 21:11:32 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=425315 The Tribunal confirmed jurisdiction to initiate Corporate Insolvency Resolution Process under section 9 of the Insolvency & Bankruptcy Code based on the non-payment default by the Corporate Debtor. The Operational Creditor's application, supported by evidence of default and debt due, was admitted. An Insolvency Professional was appointed to manage the resolution process, with a moratorium imposed under section 14 of the IBC to protect the Corporate Debtor's assets. The judgment provides a thorough overview of the legal proceedings and outcomes of the case. Case-Laws Insolvency and Bankruptcy Tue, 07 Jun 2022 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=425315