Appeal Dismissed Due to Provisional Liquidator: Impact on Insolvency Process

The Appellate Tribunal dismissed the appeal as the appointment of a Provisional Liquidator prevents the initiation of the Corporate Insolvency Resolution Process under Section 9 of the Insolvency and Bankruptcy Code, 2016 against the same Corporate Debtor.

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The Appellate Tribunal dismissed the appeal as the appointment of a Provisional Liquidator prevents initiation of Corporate Insolvency Resolution Process under Section 9 of the Insolvency and Bankruptcy Code, 2016 against the same Corporate Debtor.

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