https://www.taxtmi.com/caselaws?id=396315 The Tribunal dismissed the appeal and directed the continuation of the Corporate Insolvency Resolution Process (CIRP) under the Insolvency and Bankruptcy Code (IBC). The Interim Resolution Professional (IRP) was authorized to recover unauthorized withdrawals made by the Directors and ensure compliance with IBC provisions. Contempt proceedings were initiated against the Directors for willful disobedience of the Tribunal's orders. en-us Thu, 12 Mar 2020 00:00:00 +0530 Tue, 30 Jun 2020 11:53:49 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=396315 The Tribunal dismissed the appeal and directed the continuation of the Corporate Insolvency Resolution Process (CIRP) under the Insolvency and Bankruptcy Code (IBC). The Interim Resolution Professional (IRP) was authorized to recover unauthorized withdrawals made by the Directors and ensure compliance with IBC provisions. Contempt proceedings were initiated against the Directors for willful disobedience of the Tribunal's orders. Case-Laws Insolvency and Bankruptcy Thu, 12 Mar 2020 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=396315