https://www.taxtmi.com/caselaws?id=362365 The petition filed by State Bank of India under Section 7 of the Insolvency and Bankruptcy Code, 2016 against the Corporate Debtor, Su Kam Power Systems Limited, was admitted. The Corporate Insolvency Resolution Process (CIRP) was initiated, and Mr. Rajiv Chakraborty was appointed as the Interim Resolution Professional. The Tribunal emphasized procedural compliance and the importance of stakeholder cooperation in the insolvency process. Reliance India Power Fund's application was disposed of, enabling them to pursue remedies within the legal framework. en-us Thu, 05 Apr 2018 00:00:00 +0530 Sat, 23 Jun 2018 08:36:22 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=362365 The petition filed by State Bank of India under Section 7 of the Insolvency and Bankruptcy Code, 2016 against the Corporate Debtor, Su Kam Power Systems Limited, was admitted. The Corporate Insolvency Resolution Process (CIRP) was initiated, and Mr. Rajiv Chakraborty was appointed as the Interim Resolution Professional. The Tribunal emphasized procedural compliance and the importance of stakeholder cooperation in the insolvency process. Reliance India Power Fund's application was disposed of, enabling them to pursue remedies within the legal framework. Case-Laws Insolvency and Bankruptcy Thu, 05 Apr 2018 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=362365