https://www.taxtmi.com/caselaws?id=349361 The Tribunal admitted the application in CA No. (IB)-160(PB)/2017 for initiating Corporate Insolvency Resolution Process (CIRP) against the Corporate Debtor. However, the applications in CA No. (IB)-180(ND)/2017 and CA No. (IB)-181(ND)/2017 were dismissed due to non-compliance with Section 9(3)(c) of the Insolvency & Bankruptcy Code, 2016 (IBC, 2016). The Tribunal prioritized applications by Operational Creditors over the Corporate Debtor's application and directed the Insolvency and Bankruptcy Board of India (IBBI) to recommend an Interim Resolution Professional (IRP). en-us Tue, 05 Sep 2017 00:00:00 +0530 Wed, 03 Jan 2018 12:07:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=349361 The Tribunal admitted the application in CA No. (IB)-160(PB)/2017 for initiating Corporate Insolvency Resolution Process (CIRP) against the Corporate Debtor. However, the applications in CA No. (IB)-180(ND)/2017 and CA No. (IB)-181(ND)/2017 were dismissed due to non-compliance with Section 9(3)(c) of the Insolvency & Bankruptcy Code, 2016 (IBC, 2016). The Tribunal prioritized applications by Operational Creditors over the Corporate Debtor's application and directed the Insolvency and Bankruptcy Board of India (IBBI) to recommend an Interim Resolution Professional (IRP). Case-Laws Insolvency and Bankruptcy Tue, 05 Sep 2017 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=349361