https://www.taxtmi.com/article/detailed?id=11464 Operational creditors may initiate CIRP for unpaid operational debt after serving a demand notice or invoice and awaiting the corporate debtor's 10-day response. If no payment or dispute notice is received, the creditor files a section 9 application with the demand notice/invoice, affidavit of no dispute, supporting bank or information utility records, prescribed GST extracts where applicable, and PAN and email. The applicant may propose an interim resolution professional; the Adjudicating Authority must admit or reject the application within 14 days, allowing seven days to cure defects before rejection. CIRP commences from admission date. en-us Mon, 05 Jun 2023 08:32:54 +0530 Mon, 05 Jun 2023 08:32:54 +0530 TaxTMI RSS Generator https://www.taxtmi.com/article/detailed?id=11464 Operational creditors may initiate CIRP for unpaid operational debt after serving a demand notice or invoice and awaiting the corporate debtor's 10-day response. If no payment or dispute notice is received, the creditor files a section 9 application with the demand notice/invoice, affidavit of no dispute, supporting bank or information utility records, prescribed GST extracts where applicable, and PAN and email. The applicant may propose an interim resolution professional; the Adjudicating Authority must admit or reject the application within 14 days, allowing seven days to cure defects before rejection. CIRP commences from admission date. Articles Corporate Laws / IBC / SEBI Mon, 05 Jun 2023 08:32:54 +0530 https://www.taxtmi.com/article/detailed?id=11464