https://www.taxtmi.com/caselaws?id=426816 The National Company Law Tribunal, Chandigarh Bench, admitted the petition under Section 9 of the Insolvency and Bankruptcy Code, 2016, filed by the Operational Creditor against the Corporate Debtor for defaulting on operational debts. The Adjudicating Authority found all requirements for admission of the petition were met, including evidence of default, validity of demand notice, and completeness of the application. An Interim Resolution Professional was appointed to manage the affairs of the Corporate Debtor during the Corporate Insolvency Resolution Process, with directions for moratorium and effective management outlined. en-us Fri, 29 Jul 2022 00:00:00 +0530 Fri, 26 Aug 2022 08:35:44 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=426816 The National Company Law Tribunal, Chandigarh Bench, admitted the petition under Section 9 of the Insolvency and Bankruptcy Code, 2016, filed by the Operational Creditor against the Corporate Debtor for defaulting on operational debts. The Adjudicating Authority found all requirements for admission of the petition were met, including evidence of default, validity of demand notice, and completeness of the application. An Interim Resolution Professional was appointed to manage the affairs of the Corporate Debtor during the Corporate Insolvency Resolution Process, with directions for moratorium and effective management outlined. Case-Laws Insolvency and Bankruptcy Fri, 29 Jul 2022 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=426816