https://www.taxtmi.com/caselaws?id=377503 The Tribunal treated the Section 10 application as a continuation of BIFR proceedings, accepting the MDRS as a Resolution Plan under the IBC. The petition was admitted, initiating the CIRP with the appointment of an IRP. The existing Resolution Plan was to be considered, expediting the process. The IRP was directed to compile necessary documents and financial data. The Moratorium under Section 14 of the IBC was imposed, prohibiting legal actions against the Debtor and asset transfers. Essential services to the Debtor were to continue during the Moratorium. en-us Fri, 15 Mar 2019 00:00:00 +0530 Sat, 30 Mar 2019 08:24:46 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=377503 The Tribunal treated the Section 10 application as a continuation of BIFR proceedings, accepting the MDRS as a Resolution Plan under the IBC. The petition was admitted, initiating the CIRP with the appointment of an IRP. The existing Resolution Plan was to be considered, expediting the process. The IRP was directed to compile necessary documents and financial data. The Moratorium under Section 14 of the IBC was imposed, prohibiting legal actions against the Debtor and asset transfers. Essential services to the Debtor were to continue during the Moratorium. Case-Laws Insolvency and Bankruptcy Fri, 15 Mar 2019 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=377503