https://www.taxtmi.com/caselaws?id=351066 The Appellate Tribunal held that the demand notice issued by an advocate without proper authorization or adherence to prescribed forms rendered the initiation of the resolution process invalid. The order appointing an Interim Resolution Professional and declaring moratorium was set aside, and the application under Section 9 of the Insolvency and Bankruptcy Code was dismissed. The appellant company was allowed to resume independent functioning through its Board of Directors, with the Adjudicating Authority tasked to determine the Interim Resolution Professional's fee to be paid by the Respondents. No costs were ordered in this case. en-us Fri, 13 Oct 2017 00:00:00 +0530 Wed, 03 Jan 2018 12:00:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=351066 The Appellate Tribunal held that the demand notice issued by an advocate without proper authorization or adherence to prescribed forms rendered the initiation of the resolution process invalid. The order appointing an Interim Resolution Professional and declaring moratorium was set aside, and the application under Section 9 of the Insolvency and Bankruptcy Code was dismissed. The appellant company was allowed to resume independent functioning through its Board of Directors, with the Adjudicating Authority tasked to determine the Interim Resolution Professional's fee to be paid by the Respondents. No costs were ordered in this case. Case-Laws Insolvency and Bankruptcy Fri, 13 Oct 2017 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=351066