https://www.taxtmi.com/caselaws?id=360294 The Tribunal admitted the petition under Section 7 of the Insolvency and Bankruptcy Code, 2016, filed by ICICI Bank Limited against Essar Power Jharkhand Limited. The Corporate Debtor admitted to the debt default, leading to the appointment of Mr. Huzefa Fakhri Sitabkhan as the Interim Resolution Professional. A moratorium was declared, prohibiting certain actions against the Corporate Debtor. The IRP is mandated to carry out specified duties under the Code, with non-cooperation potentially resulting in Tribunal intervention. en-us Thu, 05 Apr 2018 00:00:00 +0530 Mon, 14 May 2018 06:15:27 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=360294 The Tribunal admitted the petition under Section 7 of the Insolvency and Bankruptcy Code, 2016, filed by ICICI Bank Limited against Essar Power Jharkhand Limited. The Corporate Debtor admitted to the debt default, leading to the appointment of Mr. Huzefa Fakhri Sitabkhan as the Interim Resolution Professional. A moratorium was declared, prohibiting certain actions against the Corporate Debtor. The IRP is mandated to carry out specified duties under the Code, with non-cooperation potentially resulting in Tribunal intervention. Case-Laws Insolvency and Bankruptcy Thu, 05 Apr 2018 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=360294