https://www.taxtmi.com/caselaws?id=390624 The Tribunal admitted the application under Section 7 of the Insolvency and Bankruptcy Code, 2016, thereby initiating the Corporate Insolvency Resolution Process (CIRP) against the corporate debtor, M/s. Krishna Assets Developers Private Limited. Mr. Akarsh Kashyap was appointed as the Interim Resolution Professional (IRP). A moratorium was declared as per Section 14, halting all legal proceedings and asset transactions involving the corporate debtor. The IRP was instructed to announce the CIRP admission and fulfill duties as outlined in the Code, with cooperation mandated from all associated personnel. The applicant was directed to deposit Rs. 2 lakhs for IRP expenses. en-us Tue, 24 Sep 2019 00:00:00 +0530 Thu, 07 Nov 2024 12:44:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=390624 The Tribunal admitted the application under Section 7 of the Insolvency and Bankruptcy Code, 2016, thereby initiating the Corporate Insolvency Resolution Process (CIRP) against the corporate debtor, M/s. Krishna Assets Developers Private Limited. Mr. Akarsh Kashyap was appointed as the Interim Resolution Professional (IRP). A moratorium was declared as per Section 14, halting all legal proceedings and asset transactions involving the corporate debtor. The IRP was instructed to announce the CIRP admission and fulfill duties as outlined in the Code, with cooperation mandated from all associated personnel. The applicant was directed to deposit Rs. 2 lakhs for IRP expenses. Case-Laws IBC Tue, 24 Sep 2019 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=390624