https://www.taxtmi.com/caselaws?id=278690 The Tribunal admitted the Insolvency Applications under Section 7 of the Insolvency & Bankruptcy Code, 2016, appointing an Interim Resolution Professional (IRP) and imposing a moratorium under Section 14. The IRP was tasked with managing the Corporate Debtor's operations as a going concern to safeguard stakeholders' interests, based on evidence of default and the legal framework of the Code. The Tribunal held that the Code's provisions override other laws, allowing CIRP initiation despite pending proceedings, citing relevant case law to support its decision. en-us Wed, 20 Sep 2017 00:00:00 +0530 Mon, 18 Feb 2019 06:31:37 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=278690 The Tribunal admitted the Insolvency Applications under Section 7 of the Insolvency & Bankruptcy Code, 2016, appointing an Interim Resolution Professional (IRP) and imposing a moratorium under Section 14. The IRP was tasked with managing the Corporate Debtor's operations as a going concern to safeguard stakeholders' interests, based on evidence of default and the legal framework of the Code. The Tribunal held that the Code's provisions override other laws, allowing CIRP initiation despite pending proceedings, citing relevant case law to support its decision. Case-Laws Insolvency and Bankruptcy Wed, 20 Sep 2017 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=278690