https://www.taxtmi.com/caselaws?id=430033 The Tribunal found that the demand notice was properly served to the corporate debtor, leading to the debt being deemed undisputed. The application was filed within the limitation period, satisfying conditions under Section 9 of the Code. Consequently, the Tribunal admitted the petition for initiating the CIR Process for the corporate debtor, imposing a moratorium and appointing an Interim Resolution Professional (IRP) to manage the affairs and convene a Committee of Creditors. The petitioner was directed to deposit a specified amount for CIRP expenses, to be reimbursed by the Committee of Creditors. en-us Fri, 04 Nov 2022 00:00:00 +0530 Thu, 10 Nov 2022 09:05:58 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=430033 The Tribunal found that the demand notice was properly served to the corporate debtor, leading to the debt being deemed undisputed. The application was filed within the limitation period, satisfying conditions under Section 9 of the Code. Consequently, the Tribunal admitted the petition for initiating the CIR Process for the corporate debtor, imposing a moratorium and appointing an Interim Resolution Professional (IRP) to manage the affairs and convene a Committee of Creditors. The petitioner was directed to deposit a specified amount for CIRP expenses, to be reimbursed by the Committee of Creditors. Case-Laws Insolvency and Bankruptcy Fri, 04 Nov 2022 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=430033