https://www.taxtmi.com/caselaws?id=381829 The Tribunal upheld the order admitting the application under Section 7 of the Insolvency and Bankruptcy Code, 2016, filed by 'Union Bank of India' against a Public Limited Company. The appeals by Shareholders were dismissed as notice was issued to the Corporate Debtor, and their representatives were heard. Operational Creditors' claims would be considered by the Resolution Professional post-admission. The Tribunal directed completion of the Resolution Process within the stipulated period, emphasizing adherence to legal procedures and cooperation for successful resolution without imposing costs. en-us Fri, 29 Mar 2019 00:00:00 +0530 Thu, 20 Jun 2019 15:40:06 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=381829 The Tribunal upheld the order admitting the application under Section 7 of the Insolvency and Bankruptcy Code, 2016, filed by 'Union Bank of India' against a Public Limited Company. The appeals by Shareholders were dismissed as notice was issued to the Corporate Debtor, and their representatives were heard. Operational Creditors' claims would be considered by the Resolution Professional post-admission. The Tribunal directed completion of the Resolution Process within the stipulated period, emphasizing adherence to legal procedures and cooperation for successful resolution without imposing costs. Case-Laws Insolvency and Bankruptcy Fri, 29 Mar 2019 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=381829