https://www.taxtmi.com/caselaws?id=428217 The Tribunal found that the demand notice was properly served to the corporate debtor, no pre-existing dispute existed regarding the operational debt, and the application was filed within the limitation period. The unpaid operational debt was deemed undisputed, leading to the admission of the petition for the initiation of Corporate Insolvency Resolution Process (CIRP) for the corporate debtor. A moratorium was imposed, an Interim Resolution Professional appointed, and the petitioner instructed to deposit a specified amount for immediate CIRP expenses. en-us Thu, 22 Sep 2022 00:00:00 +0530 Tue, 27 Sep 2022 07:16:48 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=428217 The Tribunal found that the demand notice was properly served to the corporate debtor, no pre-existing dispute existed regarding the operational debt, and the application was filed within the limitation period. The unpaid operational debt was deemed undisputed, leading to the admission of the petition for the initiation of Corporate Insolvency Resolution Process (CIRP) for the corporate debtor. A moratorium was imposed, an Interim Resolution Professional appointed, and the petitioner instructed to deposit a specified amount for immediate CIRP expenses. Case-Laws Insolvency and Bankruptcy Thu, 22 Sep 2022 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=428217