https://www.taxtmi.com/caselaws?id=387318 The Tribunal admitted the Operational Creditor's application under Section 9 of the I&B Code, 2016, initiating the Corporate Insolvency Resolution Process against the Corporate Debtor. A moratorium was declared, prohibiting actions against the Debtor, and an Interim Resolution Professional (IRP) was appointed to manage the Debtor. The IRP was tasked with public announcements, claim submissions, and compliance with the I&B Code. Directors and associates of the Debtor were directed to cooperate with the IRP, and all parties were instructed to facilitate the IRP's takeover of assets. en-us Tue, 16 Jul 2019 00:00:00 +0530 Mon, 21 Oct 2019 10:32:35 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=387318 The Tribunal admitted the Operational Creditor's application under Section 9 of the I&B Code, 2016, initiating the Corporate Insolvency Resolution Process against the Corporate Debtor. A moratorium was declared, prohibiting actions against the Debtor, and an Interim Resolution Professional (IRP) was appointed to manage the Debtor. The IRP was tasked with public announcements, claim submissions, and compliance with the I&B Code. Directors and associates of the Debtor were directed to cooperate with the IRP, and all parties were instructed to facilitate the IRP's takeover of assets. Case-Laws Insolvency and Bankruptcy Tue, 16 Jul 2019 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=387318