https://www.taxtmi.com/caselaws?id=291181 The tribunal admitted the petition for initiating the Corporate Insolvency Resolution Process (CIRP) against the corporate debtor, BR Knitwears Private Limited. A moratorium was declared as per Section 14 of the Insolvency and Bankruptcy Code, prohibiting certain actions. The tribunal directed the appointment of an Interim Resolution Professional (IRP) to manage the debtor's affairs, make a public announcement, and constitute a Committee of Creditors. The IRP was instructed to submit regular progress reports to the tribunal. en-us Thu, 21 Nov 2019 00:00:00 +0530 Sat, 31 Oct 2020 07:09:51 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=291181 The tribunal admitted the petition for initiating the Corporate Insolvency Resolution Process (CIRP) against the corporate debtor, BR Knitwears Private Limited. A moratorium was declared as per Section 14 of the Insolvency and Bankruptcy Code, prohibiting certain actions. The tribunal directed the appointment of an Interim Resolution Professional (IRP) to manage the debtor's affairs, make a public announcement, and constitute a Committee of Creditors. The IRP was instructed to submit regular progress reports to the tribunal. Case-Laws Insolvency and Bankruptcy Thu, 21 Nov 2019 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=291181