https://www.taxtmi.com/caselaws?id=427592 The Tribunal asserted jurisdiction based on the Corporate Debtor's incorporation within its territorial limits. Validity of the demand notice was confirmed through proper service. The disputed operational debt was uncontested as the Corporate Debtor failed to respond. The application was timely filed within the limitation period. Conditions under Section 9 of the Code were met with evidence of operational debt and default. An Interim Resolution Professional was appointed to manage the Corporate Debtor's affairs, and a moratorium was imposed, initiating the Corporate Insolvency Resolution Process with specific directives for asset management and creditor cooperation. en-us Wed, 31 Aug 2022 00:00:00 +0530 Mon, 12 Sep 2022 14:22:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=427592 The Tribunal asserted jurisdiction based on the Corporate Debtor's incorporation within its territorial limits. Validity of the demand notice was confirmed through proper service. The disputed operational debt was uncontested as the Corporate Debtor failed to respond. The application was timely filed within the limitation period. Conditions under Section 9 of the Code were met with evidence of operational debt and default. An Interim Resolution Professional was appointed to manage the Corporate Debtor's affairs, and a moratorium was imposed, initiating the Corporate Insolvency Resolution Process with specific directives for asset management and creditor cooperation. Case-Laws Insolvency and Bankruptcy Wed, 31 Aug 2022 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=427592