https://www.taxtmi.com/caselaws?id=428961 An operational debt was held established where a settlement agreement recorded the corporate debtor's liability and a payment schedule it failed to honour. Repeated reminders and the debtor's own admissions of inability to pay on the agreed dates supported the finding of default. On that basis, the Tribunal found the section 9 requirements satisfied and admitted the petition, triggering commencement of CIRP, appointment of an interim resolution professional, public announcement, and the moratorium under the Code. en-us Thu, 29 Sep 2022 00:00:00 +0530 Sat, 15 Oct 2022 09:09:47 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=428961 An operational debt was held established where a settlement agreement recorded the corporate debtor's liability and a payment schedule it failed to honour. Repeated reminders and the debtor's own admissions of inability to pay on the agreed dates supported the finding of default. On that basis, the Tribunal found the section 9 requirements satisfied and admitted the petition, triggering commencement of CIRP, appointment of an interim resolution professional, public announcement, and the moratorium under the Code. Case-Laws Insolvency and Bankruptcy Thu, 29 Sep 2022 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=428961