https://www.taxtmi.com/caselaws?id=287219 The Tribunal, in a case concerning Intervention Petitions linked to the main Petition under section 9 of the Insolvency & Bankruptcy Code, directed the Directors of the Debtor Company not to dispose of assets to safeguard creditors and stakeholders. The Insolvency Resolution Professional was tasked with identifying undeclared properties bought with siphoned funds, prohibiting their disposal. Specific individuals, including Mr. Omprakash Basantlal Goenka, were barred from leaving the country without NCLT permission. The decision aimed to protect stakeholders and assets, ensuring a smooth insolvency process. en-us Fri, 22 Dec 2017 00:00:00 +0530 Sat, 04 Apr 2020 09:54:27 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=287219 The Tribunal, in a case concerning Intervention Petitions linked to the main Petition under section 9 of the Insolvency & Bankruptcy Code, directed the Directors of the Debtor Company not to dispose of assets to safeguard creditors and stakeholders. The Insolvency Resolution Professional was tasked with identifying undeclared properties bought with siphoned funds, prohibiting their disposal. Specific individuals, including Mr. Omprakash Basantlal Goenka, were barred from leaving the country without NCLT permission. The decision aimed to protect stakeholders and assets, ensuring a smooth insolvency process. Case-Laws Insolvency and Bankruptcy Fri, 22 Dec 2017 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=287219