https://www.taxtmi.com/caselaws?id=428008 The Tribunal upheld the Adjudicating Authority's decision to admit the Section 9 application under the Insolvency and Bankruptcy Code, initiating Corporate Insolvency Resolution Process against the Corporate Debtor for defaulting on an operational debt exceeding Rs. 1 lakh, which was deemed due and payable. The Tribunal found no pre-existing dispute and dismissed the appeal, confirming the initiation of CIRP against the Corporate Debtor. en-us Tue, 20 Sep 2022 00:00:00 +0530 Thu, 22 Sep 2022 07:39:47 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=428008 The Tribunal upheld the Adjudicating Authority's decision to admit the Section 9 application under the Insolvency and Bankruptcy Code, initiating Corporate Insolvency Resolution Process against the Corporate Debtor for defaulting on an operational debt exceeding Rs. 1 lakh, which was deemed due and payable. The Tribunal found no pre-existing dispute and dismissed the appeal, confirming the initiation of CIRP against the Corporate Debtor. Case-Laws Insolvency and Bankruptcy Tue, 20 Sep 2022 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=428008