https://www.taxtmi.com/caselaws?id=430081 The Tribunal admitted the application filed under Section 9 of the Insolvency and Bankruptcy Code, 2016, for initiating the Corporate Insolvency Resolution Process against the corporate debtor due to unpaid invoices for the supply of Kraft Papers. Despite objections raised by the corporate debtor, the Tribunal found the debt to be valid and payable, confirming the occurrence of a default. Jurisdictional issues were resolved, and the Tribunal appointed an Interim Resolution Professional, directed the Operational Creditor to deposit funds, and imposed a moratorium period under Section 14(1) of the Code to regulate actions concerning the corporate debtor. en-us Mon, 31 Oct 2022 00:00:00 +0530 Fri, 11 Nov 2022 09:00:40 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=430081 The Tribunal admitted the application filed under Section 9 of the Insolvency and Bankruptcy Code, 2016, for initiating the Corporate Insolvency Resolution Process against the corporate debtor due to unpaid invoices for the supply of Kraft Papers. Despite objections raised by the corporate debtor, the Tribunal found the debt to be valid and payable, confirming the occurrence of a default. Jurisdictional issues were resolved, and the Tribunal appointed an Interim Resolution Professional, directed the Operational Creditor to deposit funds, and imposed a moratorium period under Section 14(1) of the Code to regulate actions concerning the corporate debtor. Case-Laws Insolvency and Bankruptcy Mon, 31 Oct 2022 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=430081