https://www.taxtmi.com/caselaws?id=376101 The Tribunal ruled in favor of the Resolution Professional (RP) in a case involving disputes over possession of factory premises and the corporate office. It held that the moratorium order under Section 14 of the IBC supersedes actions like the Municipal Corporation sealing the corporate office. The Ex-Director and Business Head were directed to cooperate with the RP, with non-compliance being considered contempt of court. The judgment emphasized compliance with court orders and IBC provisions to facilitate the effective resolution of the Corporate Debtor's insolvency proceedings. en-us Mon, 18 Feb 2019 00:00:00 +0530 Sat, 02 Mar 2019 13:51:48 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=376101 The Tribunal ruled in favor of the Resolution Professional (RP) in a case involving disputes over possession of factory premises and the corporate office. It held that the moratorium order under Section 14 of the IBC supersedes actions like the Municipal Corporation sealing the corporate office. The Ex-Director and Business Head were directed to cooperate with the RP, with non-compliance being considered contempt of court. The judgment emphasized compliance with court orders and IBC provisions to facilitate the effective resolution of the Corporate Debtor's insolvency proceedings. Case-Laws Insolvency and Bankruptcy Mon, 18 Feb 2019 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=376101