https://www.taxtmi.com/caselaws?id=286306 The Tribunal admitted the application under Section 7 of the Insolvency & Bankruptcy Code, 2016, against Corporate Debtor M/S RX. Jain Construction (India) Pvt. Ltd. A moratorium was declared, prohibiting legal actions and asset transfers. Essential supplies were to continue. An Interim Resolution Professional was appointed to convene a Committee of Creditors and develop a Resolution Plan. The Order was to remain in effect until the completion of the Corporate Insolvency Resolution Process. The matter was listed for further proceedings, with instructions for communication of the Order and filing of a Progress Report by the Interim Resolution Professional. en-us Thu, 03 Oct 2019 00:00:00 +0530 Thu, 20 Feb 2020 10:22:23 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=286306 The Tribunal admitted the application under Section 7 of the Insolvency & Bankruptcy Code, 2016, against Corporate Debtor M/S RX. Jain Construction (India) Pvt. Ltd. A moratorium was declared, prohibiting legal actions and asset transfers. Essential supplies were to continue. An Interim Resolution Professional was appointed to convene a Committee of Creditors and develop a Resolution Plan. The Order was to remain in effect until the completion of the Corporate Insolvency Resolution Process. The matter was listed for further proceedings, with instructions for communication of the Order and filing of a Progress Report by the Interim Resolution Professional. Case-Laws Insolvency and Bankruptcy Thu, 03 Oct 2019 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=286306