https://www.taxtmi.com/caselaws?id=293749 The appellant challenges an application under Section 9, alleging collusion among shareholders to frustrate awards. The Tribunal issues notices to respondents, with directions for filing affidavits. An Interim Resolution Professional is appointed to oversee the company's operations, with instructions for cooperation from the suspended Board of Directors. The Committee of Creditors is restrained from making decisions until the next hearing, allowing the company to function smoothly under the Interim Resolution Professional's guidance. en-us Mon, 21 Sep 2020 00:00:00 +0530 Sat, 27 Feb 2021 11:04:29 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=293749 The appellant challenges an application under Section 9, alleging collusion among shareholders to frustrate awards. The Tribunal issues notices to respondents, with directions for filing affidavits. An Interim Resolution Professional is appointed to oversee the company's operations, with instructions for cooperation from the suspended Board of Directors. The Committee of Creditors is restrained from making decisions until the next hearing, allowing the company to function smoothly under the Interim Resolution Professional's guidance. Case-Laws Insolvency and Bankruptcy Mon, 21 Sep 2020 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=293749