https://www.taxtmi.com/caselaws?id=382077 The petition filed by State Bank of India (SBI) under Section 7 of the Insolvency and Bankruptcy Code was admitted, initiating the Corporate Insolvency Resolution Process (CIRP) against Jet Airways (India) Limited. The Operational Creditors' petitions under Section 9 were dismissed, allowing them to file claims before the resolution professional. A moratorium was declared, an Interim Resolution Professional (IRP) appointed, and procedural directions were given for expediting the CIRP. The matter was scheduled for further hearing on 5th July 2019. en-us Thu, 20 Jun 2019 00:00:00 +0530 Tue, 25 Jun 2019 10:02:23 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=382077 The petition filed by State Bank of India (SBI) under Section 7 of the Insolvency and Bankruptcy Code was admitted, initiating the Corporate Insolvency Resolution Process (CIRP) against Jet Airways (India) Limited. The Operational Creditors' petitions under Section 9 were dismissed, allowing them to file claims before the resolution professional. A moratorium was declared, an Interim Resolution Professional (IRP) appointed, and procedural directions were given for expediting the CIRP. The matter was scheduled for further hearing on 5th July 2019. Case-Laws Insolvency and Bankruptcy Thu, 20 Jun 2019 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=382077