https://www.taxtmi.com/caselaws?id=291643 The Tribunal admitted the petition under Section 7 of the IBC, 2016, initiating the Corporate Insolvency Resolution Process against the Corporate Debtor. The Tribunal held that the Petitioner's right to initiate CIRP was upheld, emphasizing that the provisions of the IBC supersede conflicting terms in the Inter-Creditor Agreement. An Interim Resolution Professional was appointed to oversee the process, and various actions against the Corporate Debtor were prohibited. en-us Mon, 25 Nov 2019 00:00:00 +0530 Fri, 20 Nov 2020 12:08:38 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=291643 The Tribunal admitted the petition under Section 7 of the IBC, 2016, initiating the Corporate Insolvency Resolution Process against the Corporate Debtor. The Tribunal held that the Petitioner's right to initiate CIRP was upheld, emphasizing that the provisions of the IBC supersede conflicting terms in the Inter-Creditor Agreement. An Interim Resolution Professional was appointed to oversee the process, and various actions against the Corporate Debtor were prohibited. Case-Laws Insolvency and Bankruptcy Mon, 25 Nov 2019 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=291643