https://www.taxtmi.com/caselaws?id=197667 The petition was transferred from the High Court to the Tribunal under the Insolvency and Bankruptcy Code, 2016. An Interim Resolution Professional was appointed to manage the Corporate Debtor's assets and affairs, with the suspension of the Board of Directors' powers. The Interim Resolution Professional was tasked with forming the Committee of Creditors, making a public announcement of the insolvency resolution process, and appointing valuers. Reporting obligations required the Interim Resolution Professional to provide regular updates to the Tribunal and ensure communication of orders to relevant parties. en-us Mon, 18 Sep 2017 00:00:00 +0530 Thu, 11 Jan 2018 18:15:18 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=197667 The petition was transferred from the High Court to the Tribunal under the Insolvency and Bankruptcy Code, 2016. An Interim Resolution Professional was appointed to manage the Corporate Debtor's assets and affairs, with the suspension of the Board of Directors' powers. The Interim Resolution Professional was tasked with forming the Committee of Creditors, making a public announcement of the insolvency resolution process, and appointing valuers. Reporting obligations required the Interim Resolution Professional to provide regular updates to the Tribunal and ensure communication of orders to relevant parties. Case-Laws Insolvency and Bankruptcy Mon, 18 Sep 2017 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=197667