https://www.taxtmi.com/caselaws?id=287849 The tribunal admitted the financial creditor's application under section 7 of the Insolvency and Bankruptcy Code, 2016 against the corporate debtor, ordering the commencement of the corporate insolvency resolution process (CIRP). An interim resolution professional (IRP) was appointed to manage the corporate debtor, and a moratorium was declared to protect the debtor from certain actions. The IRP was instructed to comply with the relevant provisions of the Code, and the directors and management of the corporate debtor were directed to cooperate. The tribunal ensured proper legal procedures were followed, with the order pronounced in the presence of both parties' counsels. en-us Mon, 01 Jul 2019 00:00:00 +0530 Wed, 06 May 2020 06:01:28 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=287849 The tribunal admitted the financial creditor's application under section 7 of the Insolvency and Bankruptcy Code, 2016 against the corporate debtor, ordering the commencement of the corporate insolvency resolution process (CIRP). An interim resolution professional (IRP) was appointed to manage the corporate debtor, and a moratorium was declared to protect the debtor from certain actions. The IRP was instructed to comply with the relevant provisions of the Code, and the directors and management of the corporate debtor were directed to cooperate. The tribunal ensured proper legal procedures were followed, with the order pronounced in the presence of both parties' counsels. Case-Laws Insolvency and Bankruptcy Mon, 01 Jul 2019 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=287849