https://www.taxtmi.com/caselaws?id=376859 The application under Section 9 of the Insolvency and Bankruptcy Code, 2016 was dismissed, allowing the 2nd Respondent Company to function independently through its Board of Directors immediately. All orders appointing the Resolution Professional, declaring a moratorium, and freezing accounts were set aside. The Corporate Debtor was directed to pay Rs. 8.37 lakhs to the Resolution Professional within two weeks. The appeal was allowed with specific observations and directions, without a specific order as to costs. en-us Fri, 08 Feb 2019 00:00:00 +0530 Mon, 18 Mar 2019 08:40:53 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=376859 The application under Section 9 of the Insolvency and Bankruptcy Code, 2016 was dismissed, allowing the 2nd Respondent Company to function independently through its Board of Directors immediately. All orders appointing the Resolution Professional, declaring a moratorium, and freezing accounts were set aside. The Corporate Debtor was directed to pay Rs. 8.37 lakhs to the Resolution Professional within two weeks. The appeal was allowed with specific observations and directions, without a specific order as to costs. Case-Laws Insolvency and Bankruptcy Fri, 08 Feb 2019 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=376859