https://www.taxtmi.com/caselaws?id=275448 The application to initiate Corporate Insolvency Resolution Process (CIRP) against a corporate debtor was admitted under Section 7(5)(a) of the Insolvency and Bankruptcy Code, 2016. The court appointed an Interim Resolution Professional (IRP) and declared a moratorium under Section 13(1)(a) of the Code. The pending winding-up petition did not prevent the initiation of CIRP, and the security documents and guarantees were not invoked by the financial creditors. The application was disposed of with communication to the relevant parties and the appointed IRP. en-us Tue, 01 Aug 2017 00:00:00 +0530 Thu, 04 Oct 2018 10:11:27 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=275448 The application to initiate Corporate Insolvency Resolution Process (CIRP) against a corporate debtor was admitted under Section 7(5)(a) of the Insolvency and Bankruptcy Code, 2016. The court appointed an Interim Resolution Professional (IRP) and declared a moratorium under Section 13(1)(a) of the Code. The pending winding-up petition did not prevent the initiation of CIRP, and the security documents and guarantees were not invoked by the financial creditors. The application was disposed of with communication to the relevant parties and the appointed IRP. Case-Laws Insolvency and Bankruptcy Tue, 01 Aug 2017 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=275448