https://www.taxtmi.com/caselaws?id=440037 The appeal was dismissed, affirming the Adjudicating Authority's order admitting the Section 9 application. The Tribunal found that the debt and default were proven, with the Operational Creditor's claim exceeding Rs.1 crore, including both principal debt and interest. The application was held maintainable as the default occurred before the Section 10A period. The Corporate Debtor's procedural conduct, including failure to respond and attend hearings, led to an ex-parte decision against them, indicating an attempt to delay proceedings. en-us Tue, 04 Jul 2023 00:00:00 +0530 Fri, 07 Jul 2023 12:13:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=440037 The appeal was dismissed, affirming the Adjudicating Authority's order admitting the Section 9 application. The Tribunal found that the debt and default were proven, with the Operational Creditor's claim exceeding Rs.1 crore, including both principal debt and interest. The application was held maintainable as the default occurred before the Section 10A period. The Corporate Debtor's procedural conduct, including failure to respond and attend hearings, led to an ex-parte decision against them, indicating an attempt to delay proceedings. Case-Laws Insolvency and Bankruptcy Tue, 04 Jul 2023 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=440037