https://www.taxtmi.com/caselaws?id=398722 The Tribunal admitted a Public Limited Company's application for Corporate Insolvency Resolution Process under Section 10 of the IBC, 2016, appointing a Resolution Professional to oversee the process. A moratorium was declared to protect the Company's assets, with directions for cooperation from the Board of Directors and staff. The Resolution Professional was instructed to comply with IBC provisions and submit progress reports. Future proceedings were scheduled for monitoring progress, emphasizing adherence to the insolvency resolution framework. en-us Tue, 09 Jun 2020 00:00:00 +0530 Wed, 23 Sep 2020 08:05:28 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=398722 The Tribunal admitted a Public Limited Company's application for Corporate Insolvency Resolution Process under Section 10 of the IBC, 2016, appointing a Resolution Professional to oversee the process. A moratorium was declared to protect the Company's assets, with directions for cooperation from the Board of Directors and staff. The Resolution Professional was instructed to comply with IBC provisions and submit progress reports. Future proceedings were scheduled for monitoring progress, emphasizing adherence to the insolvency resolution framework. Case-Laws Insolvency and Bankruptcy Tue, 09 Jun 2020 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=398722