https://www.taxtmi.com/caselaws?id=351012 The Tribunal set aside the impugned order in an appeal involving an application under Section 9 of the Insolvency and Bankruptcy Code, 2016. It found that no notice was properly served on the appellant, emphasizing a violation of natural justice. Consequently, all orders appointing an Interim Resolution Professional and freezing accounts were declared illegal. The application was dismissed, allowing the appellant company to resume operations independently. The Adjudicating Authority was directed to determine the Interim Resolution Professional's fee, if appointed, to be paid by the Respondents. The appeal was allowed with no costs ordered. en-us Tue, 10 Oct 2017 00:00:00 +0530 Wed, 03 Jan 2018 12:00:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=351012 The Tribunal set aside the impugned order in an appeal involving an application under Section 9 of the Insolvency and Bankruptcy Code, 2016. It found that no notice was properly served on the appellant, emphasizing a violation of natural justice. Consequently, all orders appointing an Interim Resolution Professional and freezing accounts were declared illegal. The application was dismissed, allowing the appellant company to resume operations independently. The Adjudicating Authority was directed to determine the Interim Resolution Professional's fee, if appointed, to be paid by the Respondents. The appeal was allowed with no costs ordered. Case-Laws Insolvency and Bankruptcy Tue, 10 Oct 2017 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=351012