https://www.taxtmi.com/caselaws?id=346285 The Tribunal admitted petitions by Operational Creditors against the Corporate Debtor, declaring a moratorium. Mr. Alok Yadav was appointed as the Interim Resolution Professional, with specified responsibilities. The Board of Directors' powers were suspended, and management vested in the IRP. Compliance with the Insolvency and Bankruptcy Code and Code of Conduct was mandated. The Committee of Creditors was to be constituted, and a public announcement initiated the Corporate Insolvency Resolution Process. The IRP was directed to file regular reports every 10 days. The Tribunal provided comprehensive directions for effective management during the insolvency resolution process. en-us Mon, 24 Apr 2017 00:00:00 +0530 Wed, 03 Jan 2018 12:41:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=346285 The Tribunal admitted petitions by Operational Creditors against the Corporate Debtor, declaring a moratorium. Mr. Alok Yadav was appointed as the Interim Resolution Professional, with specified responsibilities. The Board of Directors' powers were suspended, and management vested in the IRP. Compliance with the Insolvency and Bankruptcy Code and Code of Conduct was mandated. The Committee of Creditors was to be constituted, and a public announcement initiated the Corporate Insolvency Resolution Process. The IRP was directed to file regular reports every 10 days. The Tribunal provided comprehensive directions for effective management during the insolvency resolution process. Case-Laws Insolvency and Bankruptcy Mon, 24 Apr 2017 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=346285