https://www.taxtmi.com/caselaws?id=360129 The Tribunal appointed Mr. Anjum Goyal as the Interim Resolution Professional for a specified term. The respondent's offer to pay outstanding amounts was noted, but withdrawal of the application was not allowed post-admission. The Board of Directors' powers were suspended, with management entrusted to the Interim Resolution Professional. Duties included adherence to relevant laws and ethical standards. The constitution of the Committee of Creditors was ordered promptly, along with public announcements and reporting obligations. The judgment provides a detailed overview of the legal proceedings and directives in the case. en-us Fri, 16 Mar 2018 00:00:00 +0530 Thu, 10 May 2018 08:26:40 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=360129 The Tribunal appointed Mr. Anjum Goyal as the Interim Resolution Professional for a specified term. The respondent's offer to pay outstanding amounts was noted, but withdrawal of the application was not allowed post-admission. The Board of Directors' powers were suspended, with management entrusted to the Interim Resolution Professional. Duties included adherence to relevant laws and ethical standards. The constitution of the Committee of Creditors was ordered promptly, along with public announcements and reporting obligations. The judgment provides a detailed overview of the legal proceedings and directives in the case. Case-Laws Insolvency and Bankruptcy Fri, 16 Mar 2018 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=360129