https://www.taxtmi.com/caselaws?id=357617 The Tribunal held that the Insolvency and Bankruptcy Code process can be initiated even if winding-up petitions are pending, as long as no liquidation order has been made and no official liquidator has been appointed. It was concluded that there is no bar on triggering an Insolvency Resolution Process if a winding-up petition is pending unless an official liquidator has been appointed and a winding-up order is passed. As a result, the need to transfer the petition to the High Court or await the winding-up proceedings' outcome was obviated. en-us Fri, 16 Feb 2018 00:00:00 +0530 Mon, 26 Mar 2018 08:38:24 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=357617 The Tribunal held that the Insolvency and Bankruptcy Code process can be initiated even if winding-up petitions are pending, as long as no liquidation order has been made and no official liquidator has been appointed. It was concluded that there is no bar on triggering an Insolvency Resolution Process if a winding-up petition is pending unless an official liquidator has been appointed and a winding-up order is passed. As a result, the need to transfer the petition to the High Court or await the winding-up proceedings' outcome was obviated. Case-Laws Insolvency and Bankruptcy Fri, 16 Feb 2018 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=357617