https://www.taxtmi.com/caselaws?id=362017 The application filed by the Operational Creditor under Section 9 of the Insolvency and Bankruptcy Code, 2016, was admitted, initiating the Corporate Insolvency Resolution Process (CIRP). A moratorium was declared, prohibiting suits, asset transfers, and recovery actions against the Corporate Debtor. The Interim Resolution Professional was tasked with public announcements and convening a Committee of Creditors meeting for a resolution plan. The case was scheduled for a progress report on June 14, 2018, with urgent certified copies of the order to be provided to the parties upon fulfillment of formalities. en-us Thu, 10 May 2018 00:00:00 +0530 Mon, 18 Jun 2018 08:14:29 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=362017 The application filed by the Operational Creditor under Section 9 of the Insolvency and Bankruptcy Code, 2016, was admitted, initiating the Corporate Insolvency Resolution Process (CIRP). A moratorium was declared, prohibiting suits, asset transfers, and recovery actions against the Corporate Debtor. The Interim Resolution Professional was tasked with public announcements and convening a Committee of Creditors meeting for a resolution plan. The case was scheduled for a progress report on June 14, 2018, with urgent certified copies of the order to be provided to the parties upon fulfillment of formalities. Case-Laws Insolvency and Bankruptcy Thu, 10 May 2018 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=362017