https://www.taxtmi.com/caselaws?id=430507 The Tribunal found that the purchase orders in question were separate contracts, each giving rise to independent causes of action, with no pre-existing dispute. The application under section 9 of the Insolvency and Bankruptcy Code was admitted, declaring a moratorium and appointing an Interim Resolution Professional. The Operational Creditor was directed to deposit funds for expenses, and further procedural steps were outlined. The management of the Corporate Debtor was vested in the IRP during the Corporate Insolvency Resolution Process. en-us Tue, 01 Nov 2022 00:00:00 +0530 Sat, 19 Nov 2022 16:14:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=430507 The Tribunal found that the purchase orders in question were separate contracts, each giving rise to independent causes of action, with no pre-existing dispute. The application under section 9 of the Insolvency and Bankruptcy Code was admitted, declaring a moratorium and appointing an Interim Resolution Professional. The Operational Creditor was directed to deposit funds for expenses, and further procedural steps were outlined. The management of the Corporate Debtor was vested in the IRP during the Corporate Insolvency Resolution Process. Case-Laws Insolvency and Bankruptcy Tue, 01 Nov 2022 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=430507