https://www.taxtmi.com/caselaws?id=398385 The tribunal admitted the petition for initiation of Corporate Insolvency Resolution Process (CIRP) against Mir Kings Industries Pvt. Ltd. as the conditions under Section 7(5) of the Insolvency and Bankruptcy Code were satisfied. A default had occurred, the application was complete, and no disciplinary proceedings were pending against the proposed Interim Resolution Professional (IRP). A moratorium was declared under Section 14(1) of the Code, directing the IRP to take control of the debtor's assets, manage its affairs, prepare an inventory, and constitute a Committee of Creditors. Regular progress reports to be submitted to the tribunal every fortnight. en-us Wed, 22 Jan 2020 00:00:00 +0530 Tue, 15 Sep 2020 11:00:28 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=398385 The tribunal admitted the petition for initiation of Corporate Insolvency Resolution Process (CIRP) against Mir Kings Industries Pvt. Ltd. as the conditions under Section 7(5) of the Insolvency and Bankruptcy Code were satisfied. A default had occurred, the application was complete, and no disciplinary proceedings were pending against the proposed Interim Resolution Professional (IRP). A moratorium was declared under Section 14(1) of the Code, directing the IRP to take control of the debtor's assets, manage its affairs, prepare an inventory, and constitute a Committee of Creditors. Regular progress reports to be submitted to the tribunal every fortnight. Case-Laws Insolvency and Bankruptcy Wed, 22 Jan 2020 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=398385