https://www.taxtmi.com/caselaws?id=461451 An operational creditor's application under the Insolvency and Bankruptcy Code was admitted because the debt was supported by acknowledgement, default was shown, and the corporate debtor raised no notice of dispute. The statutory conditions for initiating corporate insolvency resolution proceedings were treated as satisfied, so the application was allowed. On admission, moratorium commenced, the corporate insolvency resolution process was set in motion, public announcement was directed, and the proposed interim resolution professional was to perform duties in accordance with the Code. en-us Tue, 02 May 2017 00:00:00 +0530 Mon, 07 Apr 2025 19:01:56 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=461451 An operational creditor's application under the Insolvency and Bankruptcy Code was admitted because the debt was supported by acknowledgement, default was shown, and the corporate debtor raised no notice of dispute. The statutory conditions for initiating corporate insolvency resolution proceedings were treated as satisfied, so the application was allowed. On admission, moratorium commenced, the corporate insolvency resolution process was set in motion, public announcement was directed, and the proposed interim resolution professional was to perform duties in accordance with the Code. Case-Laws IBC Tue, 02 May 2017 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=461451