https://www.taxtmi.com/caselaws?id=393633 The tribunal admitted the petition under Section 7 of the Insolvency and Bankruptcy Code, 2016, initiating the Corporate Insolvency Resolution Process against the Corporate Debtor. An Interim Resolution Professional was appointed, and a moratorium was imposed on legal actions against the Corporate Debtor. The moratorium would be in place until the completion of the resolution process. The tribunal's decision was based on the overriding effect of the Insolvency and Bankruptcy Code, which prevails over conflicting provisions in other agreements, such as the Inter-Creditor Agreement. en-us Mon, 25 Nov 2019 00:00:00 +0530 Fri, 20 Mar 2020 12:53:49 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=393633 The tribunal admitted the petition under Section 7 of the Insolvency and Bankruptcy Code, 2016, initiating the Corporate Insolvency Resolution Process against the Corporate Debtor. An Interim Resolution Professional was appointed, and a moratorium was imposed on legal actions against the Corporate Debtor. The moratorium would be in place until the completion of the resolution process. The tribunal's decision was based on the overriding effect of the Insolvency and Bankruptcy Code, which prevails over conflicting provisions in other agreements, such as the Inter-Creditor Agreement. Case-Laws Insolvency and Bankruptcy Mon, 25 Nov 2019 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=393633