https://www.taxtmi.com/caselaws?id=353707 The appeal was allowed, setting aside the orders appointing the Interim Resolution Professional and declaring a moratorium. The respondent was found not to qualify as a "financial creditor," leading to the abatement of the application under Sections 433 and 434. The Corporate Debtor was released from legal constraints and allowed to function through its Board of Directors. The Adjudicating Authority was directed to determine the Resolution Professional's fee to be paid by the Corporate Debtor for the period of service. en-us Wed, 13 Dec 2017 00:00:00 +0530 Wed, 10 Jan 2018 11:07:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=353707 The appeal was allowed, setting aside the orders appointing the Interim Resolution Professional and declaring a moratorium. The respondent was found not to qualify as a "financial creditor," leading to the abatement of the application under Sections 433 and 434. The Corporate Debtor was released from legal constraints and allowed to function through its Board of Directors. The Adjudicating Authority was directed to determine the Resolution Professional's fee to be paid by the Corporate Debtor for the period of service. Case-Laws Insolvency and Bankruptcy Wed, 13 Dec 2017 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=353707