https://www.taxtmi.com/caselaws?id=351699 The National Company Law Tribunal, Chandigarh, admitted the insolvency resolution process petition under Section 9 of the Insolvency and Bankruptcy Code, 2016, due to default by the Corporate Debtor. The request for withdrawal post-admission was denied, citing Rule 8 of the Insolvency and Bankruptcy Rules. Mr. Bhupesh Gupta was appointed as the Interim Resolution Professional with specified duties under Sections 17 and 18 of the Code, including asset inventory preparation and Committee of Creditors formation. The judgment underscores procedural compliance and the Interim Resolution Professional's pivotal role in managing the Corporate Debtor's affairs. en-us Tue, 11 Jul 2017 00:00:00 +0530 Wed, 03 Jan 2018 12:00:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=351699 The National Company Law Tribunal, Chandigarh, admitted the insolvency resolution process petition under Section 9 of the Insolvency and Bankruptcy Code, 2016, due to default by the Corporate Debtor. The request for withdrawal post-admission was denied, citing Rule 8 of the Insolvency and Bankruptcy Rules. Mr. Bhupesh Gupta was appointed as the Interim Resolution Professional with specified duties under Sections 17 and 18 of the Code, including asset inventory preparation and Committee of Creditors formation. The judgment underscores procedural compliance and the Interim Resolution Professional's pivotal role in managing the Corporate Debtor's affairs. Case-Laws Insolvency and Bankruptcy Tue, 11 Jul 2017 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=351699