Corporate Insolvency Resolution Process Restored; Petitioner Cleared of Negligence, Directed to Approach Interim Resolution Professional.

Corporate Insolvency Resolution Process Restored; Petitioner Cleared of Negligence, Directed to Approach Interim Resolution Professional. https://www.taxtmi.com/highlights?id=54803 Restoration of company petition seeking initiation of CIRP - In view of another petition, the fist petitioner was asked to approach IRP for further action - effect of Withdrawal of another Company Petition - the Company Petitioner cannot be left in the lurch for none of its dereliction. An Application for restoration of the Company Petition is sought as a matter of prudence and practice - Petition restored - Tri en-us Thu, 17 Sep 2020 14:58:20 +0530 Thu, 17 Sep 2020 14:58:20 +0530 TaxTMI RSS Generator Corporate Insolvency Resolution Process Restored; Petitioner Cleared of Negligence, Directed to Approach Interim Resolution Professional. https://www.taxtmi.com/highlights?id=54803 Restoration of company petition seeking initiation of CIRP - In view of another petition, the fist petitioner was asked to approach IRP for further action - effect of Withdrawal of another Company Petition - the Company Petitioner cannot be left in the lurch for none of its dereliction. An Application for restoration of the Company Petition is sought as a matter of prudence and practice - Petition restored - Tri Highlights Insolvency and Bankruptcy Thu, 17 Sep 2020 14:58:20 +0530 https://www.taxtmi.com/highlights?id=54803