https://www.taxtmi.com/caselaws?id=386075 The Tribunal upheld the Adjudicating Authority's jurisdiction to pass interim orders restraining the Corporate Debtor from alienating assets before admitting the application under the Insolvency and Bankruptcy Code. Emphasizing the Authority's inherent powers under Rule 11 of the NCLT Rules to prevent abuse of process and protect creditors' rights, the Tribunal dismissed the appeal. The decision underscored the significance of safeguarding creditors' interests and ensuring the integrity of the insolvency process. en-us Wed, 17 Jul 2019 00:00:00 +0530 Fri, 19 Mar 2021 11:27:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=386075 The Tribunal upheld the Adjudicating Authority's jurisdiction to pass interim orders restraining the Corporate Debtor from alienating assets before admitting the application under the Insolvency and Bankruptcy Code. Emphasizing the Authority's inherent powers under Rule 11 of the NCLT Rules to prevent abuse of process and protect creditors' rights, the Tribunal dismissed the appeal. The decision underscored the significance of safeguarding creditors' interests and ensuring the integrity of the insolvency process. Case-Laws Insolvency and Bankruptcy Wed, 17 Jul 2019 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=386075