https://www.taxtmi.com/caselaws?id=429142 The Tribunal admitted the Company Petition to initiate Corporate Insolvency Resolution Process (CIRP) against the Corporate Debtor due to default in payment by the Operational Creditor. The Corporate Debtor's disputes regarding the quality of work were considered afterthoughts, lacking evidence of pre-existing dissatisfaction. The Tribunal emphasized the need for plausible contentions and evidence, appointing an Interim Resolution Professional and imposing restrictions on the Corporate Debtor during the insolvency resolution process. en-us Fri, 14 Oct 2022 00:00:00 +0530 Wed, 19 Oct 2022 09:06:17 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=429142 The Tribunal admitted the Company Petition to initiate Corporate Insolvency Resolution Process (CIRP) against the Corporate Debtor due to default in payment by the Operational Creditor. The Corporate Debtor's disputes regarding the quality of work were considered afterthoughts, lacking evidence of pre-existing dissatisfaction. The Tribunal emphasized the need for plausible contentions and evidence, appointing an Interim Resolution Professional and imposing restrictions on the Corporate Debtor during the insolvency resolution process. Case-Laws Insolvency and Bankruptcy Fri, 14 Oct 2022 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=429142