https://www.taxtmi.com/caselaws?id=386695 The Tribunal admitted the application to initiate the Corporate Insolvency Resolution Process against the Corporate Debtor. Mr. Rakesh Kumar Jain was appointed as the Interim Resolution Professional, and a moratorium was declared. The Operational Creditor was directed to deposit funds with the IRP for expenses. The IRP was mandated to carry out all functions under the Code, with all Corporate Debtor personnel required to assist. The application was admitted under Section 9(5) of the Insolvency and Bankruptcy Code, 2016, with orders to be communicated to relevant parties and the Insolvency and Bankruptcy Board of India. en-us Wed, 24 Jul 2019 00:00:00 +0530 Mon, 08 Mar 2021 12:19:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=386695 The Tribunal admitted the application to initiate the Corporate Insolvency Resolution Process against the Corporate Debtor. Mr. Rakesh Kumar Jain was appointed as the Interim Resolution Professional, and a moratorium was declared. The Operational Creditor was directed to deposit funds with the IRP for expenses. The IRP was mandated to carry out all functions under the Code, with all Corporate Debtor personnel required to assist. The application was admitted under Section 9(5) of the Insolvency and Bankruptcy Code, 2016, with orders to be communicated to relevant parties and the Insolvency and Bankruptcy Board of India. Case-Laws Insolvency and Bankruptcy Wed, 24 Jul 2019 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=386695