https://www.taxtmi.com/caselaws?id=288215 The Tribunal admitted the petition filed by the Financial Creditor, initiating the Corporate Insolvency Resolution Process (CIRP) against the Corporate Debtor. The Tribunal found the petition maintainable, with proper authorization, no requirement for consent from other lenders, not barred by parallel SARFAESI/DRT proceedings, not time-barred, and unaffected by the attachment of properties by the Enforcement Directorate. The Tribunal appointed an Interim Resolution Professional (IRP) and declared a moratorium under Section 14 of the IBC for the resolution process to proceed. en-us Fri, 08 Nov 2019 00:00:00 +0530 Tue, 26 May 2020 13:09:58 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=288215 The Tribunal admitted the petition filed by the Financial Creditor, initiating the Corporate Insolvency Resolution Process (CIRP) against the Corporate Debtor. The Tribunal found the petition maintainable, with proper authorization, no requirement for consent from other lenders, not barred by parallel SARFAESI/DRT proceedings, not time-barred, and unaffected by the attachment of properties by the Enforcement Directorate. The Tribunal appointed an Interim Resolution Professional (IRP) and declared a moratorium under Section 14 of the IBC for the resolution process to proceed. Case-Laws Insolvency and Bankruptcy Fri, 08 Nov 2019 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=288215