https://www.taxtmi.com/caselaws?id=296225 The Adjudicating Authority admitted the Operational Creditor's application to initiate Corporate Insolvency Resolution Process (CIRP) against the Corporate Debtor. Mr. Arpan Maheshkumar Shah was appointed as the Interim Resolution Professional (IRP) to oversee the process. A moratorium under Section 14 of the Insolvency and Bankruptcy Code, 2016 was declared, protecting the Corporate Debtor from various actions. The IRP was directed to make a public announcement of the CIRP, preserve assets, and manage operations. The Operational Creditor was instructed to pay an advance to the IRP for the smooth conduct of the CIRP. en-us Mon, 01 Mar 2021 00:00:00 +0530 Sat, 10 Jul 2021 08:38:17 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=296225 The Adjudicating Authority admitted the Operational Creditor's application to initiate Corporate Insolvency Resolution Process (CIRP) against the Corporate Debtor. Mr. Arpan Maheshkumar Shah was appointed as the Interim Resolution Professional (IRP) to oversee the process. A moratorium under Section 14 of the Insolvency and Bankruptcy Code, 2016 was declared, protecting the Corporate Debtor from various actions. The IRP was directed to make a public announcement of the CIRP, preserve assets, and manage operations. The Operational Creditor was instructed to pay an advance to the IRP for the smooth conduct of the CIRP. Case-Laws Insolvency and Bankruptcy Mon, 01 Mar 2021 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=296225