https://www.taxtmi.com/caselaws?id=392192 The application CP (IB)-4258/MB/2019 was admitted, initiating the Corporate Insolvency Resolution Process (CIRP) against Dewan Housing Finance Corporation Ltd. (DHFL) under the Insolvency & Bankruptcy Code (IBC). Mr. R. Subramaniakumar was appointed as the Administrator, and a moratorium commenced to prohibit suits, asset transfers, and foreclosure actions against DHFL. The Tribunal confirmed the applicability of IBC provisions to financial service providers like DHFL and directed the Administrator to make a public announcement for claims submission. en-us Tue, 03 Dec 2019 00:00:00 +0530 Sat, 05 Dec 2020 13:13:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=392192 The application CP (IB)-4258/MB/2019 was admitted, initiating the Corporate Insolvency Resolution Process (CIRP) against Dewan Housing Finance Corporation Ltd. (DHFL) under the Insolvency & Bankruptcy Code (IBC). Mr. R. Subramaniakumar was appointed as the Administrator, and a moratorium commenced to prohibit suits, asset transfers, and foreclosure actions against DHFL. The Tribunal confirmed the applicability of IBC provisions to financial service providers like DHFL and directed the Administrator to make a public announcement for claims submission. Case-Laws Insolvency and Bankruptcy Tue, 03 Dec 2019 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=392192