https://www.taxtmi.com/caselaws?id=344962 The Tribunal set aside the ex-parte impugned order, declaring the actions taken by the Interim Resolution Professional (IRP) as illegal. The adjudicating authority was directed to close the proceedings, releasing the Appellant from legal constraints and allowing independent operation. A fine of Rs. 50,000 was imposed on the Financial Creditor for library development. The appeal was allowed with these directives. en-us Wed, 24 May 2017 00:00:00 +0530 Wed, 03 Jan 2018 12:43:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=344962 The Tribunal set aside the ex-parte impugned order, declaring the actions taken by the Interim Resolution Professional (IRP) as illegal. The adjudicating authority was directed to close the proceedings, releasing the Appellant from legal constraints and allowing independent operation. A fine of Rs. 50,000 was imposed on the Financial Creditor for library development. The appeal was allowed with these directives. Case-Laws Insolvency and Bankruptcy Wed, 24 May 2017 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=344962