https://www.taxtmi.com/caselaws?id=346435 The Tribunal rejected the application for Corporate Insolvency Resolution Process initiation against the respondent company due to potential conflict with winding up proceedings. The rejection aimed to prevent overlapping actions by the Interim Resolution Professional and Official Liquidator, maintaining the integrity of both processes. The decision did not prejudice the applicants' rights to pursue other avenues for recourse, emphasizing the need to avoid collusive courses of action. en-us Tue, 11 Apr 2017 00:00:00 +0530 Wed, 03 Jan 2018 12:21:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=346435 The Tribunal rejected the application for Corporate Insolvency Resolution Process initiation against the respondent company due to potential conflict with winding up proceedings. The rejection aimed to prevent overlapping actions by the Interim Resolution Professional and Official Liquidator, maintaining the integrity of both processes. The decision did not prejudice the applicants' rights to pursue other avenues for recourse, emphasizing the need to avoid collusive courses of action. Case-Laws Insolvency and Bankruptcy Tue, 11 Apr 2017 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=346435