https://www.taxtmi.com/caselaws?id=374085 The tribunal dismissed the intervention application by Nityank Infrapower & Multiventures Pvt. Ltd., rejected allegations of fraud and collusion, and admitted the main petition filed by Invex Pvt. Ltd. under Section 7 of the Insolvency Code, initiating the Corporate Insolvency Resolution Process against Dome-Bell Electronics. The tribunal appointed an Interim Resolution Professional (IRP) and declared a moratorium, prohibiting suits or parallel proceedings and asset liquidation until the insolvency process is completed. en-us Tue, 21 Aug 2018 00:00:00 +0530 Fri, 25 Jan 2019 09:13:17 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=374085 The tribunal dismissed the intervention application by Nityank Infrapower & Multiventures Pvt. Ltd., rejected allegations of fraud and collusion, and admitted the main petition filed by Invex Pvt. Ltd. under Section 7 of the Insolvency Code, initiating the Corporate Insolvency Resolution Process against Dome-Bell Electronics. The tribunal appointed an Interim Resolution Professional (IRP) and declared a moratorium, prohibiting suits or parallel proceedings and asset liquidation until the insolvency process is completed. Case-Laws Insolvency and Bankruptcy Tue, 21 Aug 2018 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=374085