https://www.taxtmi.com/caselaws?id=399664 The appeal was allowed, setting aside the impugned order and remitting the matter for fresh consideration. The Corporate Debtor was released from the Corporate Insolvency Resolution Process (CIRP), actions by the Interim Resolution Professional and Creditors' Committee were deemed illegal, and assets were directed to be returned to the Promoter/Directors. The Adjudicating Authority was tasked with determining CIRP costs to be borne by the Financial Creditor. en-us Wed, 14 Oct 2020 00:00:00 +0530 Sat, 30 Jan 2021 18:04:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=399664 The appeal was allowed, setting aside the impugned order and remitting the matter for fresh consideration. The Corporate Debtor was released from the Corporate Insolvency Resolution Process (CIRP), actions by the Interim Resolution Professional and Creditors' Committee were deemed illegal, and assets were directed to be returned to the Promoter/Directors. The Adjudicating Authority was tasked with determining CIRP costs to be borne by the Financial Creditor. Case-Laws Insolvency and Bankruptcy Wed, 14 Oct 2020 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=399664