https://www.taxtmi.com/caselaws?id=425480 The tribunal admitted the petition under Section 9 of the Insolvency and Bankruptcy Code, finding the existence of operational debt undisputed despite a quantum dispute. The Corporate Debtor's default in payment was established, leading to the appointment of an Interim Resolution Professional and the granting of a moratorium under Section 14 of the Code. The judgment aimed to facilitate the Corporate Insolvency Resolution Process, ensuring fairness and transparency in resolving the financial crisis faced by the Corporate Debtor. en-us Fri, 01 Jul 2022 00:00:00 +0530 Mon, 25 Jul 2022 09:18:32 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=425480 The tribunal admitted the petition under Section 9 of the Insolvency and Bankruptcy Code, finding the existence of operational debt undisputed despite a quantum dispute. The Corporate Debtor's default in payment was established, leading to the appointment of an Interim Resolution Professional and the granting of a moratorium under Section 14 of the Code. The judgment aimed to facilitate the Corporate Insolvency Resolution Process, ensuring fairness and transparency in resolving the financial crisis faced by the Corporate Debtor. Case-Laws Insolvency and Bankruptcy Fri, 01 Jul 2022 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=425480