https://www.taxtmi.com/caselaws?id=408451 The court granted the application under section 10 of the Insolvency and Bankruptcy Code, 2016, for the initiation of Corporate Insolvency process for the Corporate Debtor, Suvidha Parklift Limited. The company's financial distress, inability to pay debts, and pending legal cases led to the appointment of an Interim Resolution Professional and the commencement of the Corporate Insolvency Resolution Process. The resolution passed by the members aimed at addressing the company's financial challenges and ensuring compliance with the insolvency regulations, with communication of the order to relevant parties for procedural adherence. en-us Mon, 31 May 2021 00:00:00 +0530 Fri, 11 Jun 2021 08:48:26 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=408451 The court granted the application under section 10 of the Insolvency and Bankruptcy Code, 2016, for the initiation of Corporate Insolvency process for the Corporate Debtor, Suvidha Parklift Limited. The company's financial distress, inability to pay debts, and pending legal cases led to the appointment of an Interim Resolution Professional and the commencement of the Corporate Insolvency Resolution Process. The resolution passed by the members aimed at addressing the company's financial challenges and ensuring compliance with the insolvency regulations, with communication of the order to relevant parties for procedural adherence. Case-Laws Insolvency and Bankruptcy Mon, 31 May 2021 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=408451