https://www.taxtmi.com/article/detailed?id=7605 On admission of a corporate insolvency application the adjudicating authority declares a moratorium, calls for claims, and appoints an interim resolution professional who assumes management control of the corporate debtor. The interim professional must collect comprehensive financial and operational information, receive and collate creditor claims, monitor and preserve assets (including intangible and foreign assets), access records and information utilities, constitute the committee of creditors, and manage the debtor as a going concern while taking necessary actions such as appointing advisors, entering or amending contracts, and raising interim finance subject to creditor protections. en-us Sat, 09 Sep 2017 08:02:33 +0530 Sat, 09 Sep 2017 08:02:33 +0530 TaxTMI RSS Generator https://www.taxtmi.com/article/detailed?id=7605 On admission of a corporate insolvency application the adjudicating authority declares a moratorium, calls for claims, and appoints an interim resolution professional who assumes management control of the corporate debtor. The interim professional must collect comprehensive financial and operational information, receive and collate creditor claims, monitor and preserve assets (including intangible and foreign assets), access records and information utilities, constitute the committee of creditors, and manage the debtor as a going concern while taking necessary actions such as appointing advisors, entering or amending contracts, and raising interim finance subject to creditor protections. Articles Corporate Laws / IBC / SEBI Sat, 09 Sep 2017 08:02:33 +0530 https://www.taxtmi.com/article/detailed?id=7605