https://www.taxtmi.com/caselaws?id=405716 The tribunal admitted the Corporate Debtors into CIRP, appointing Mr. Vikash Prakash Gupta as IRP. A moratorium under Section 14 of the IBC was imposed, halting suits or proceedings against the Corporate Debtor and ensuring essential services continue. The IRP must announce the CIRP and fulfill duties under the Code. The Financial Creditor is to pay the IRP Rs. 2,00,000 for fees and expenses until the CoC's decision. The registry was ordered to communicate and upload the decision immediately. The CIRP commenced from the order date, with both applications allowed and resolved. en-us Tue, 16 Mar 2021 00:00:00 +0530 Mon, 28 Oct 2024 16:27:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=405716 The tribunal admitted the Corporate Debtors into CIRP, appointing Mr. Vikash Prakash Gupta as IRP. A moratorium under Section 14 of the IBC was imposed, halting suits or proceedings against the Corporate Debtor and ensuring essential services continue. The IRP must announce the CIRP and fulfill duties under the Code. The Financial Creditor is to pay the IRP Rs. 2,00,000 for fees and expenses until the CoC's decision. The registry was ordered to communicate and upload the decision immediately. The CIRP commenced from the order date, with both applications allowed and resolved. Case-Laws IBC Tue, 16 Mar 2021 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=405716