https://www.taxtmi.com/caselaws?id=297142 In appeals against admission of Section 7 insolvency applications, the Tribunal issued notice and deferred constitution of the Committee of Creditors until the next hearing, pending further consideration of the appellants' settlement proposals and the connected admission orders. It also directed the Interim Resolution Professional to keep the corporate debtor as a going concern and to obtain cooperation from the suspended board, employees, and banks. The interim directions were designed to preserve the insolvency resolution process while the appeals remained under consideration. en-us Fri, 27 Sep 2019 00:00:00 +0530 Sat, 21 Aug 2021 08:31:38 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=297142 In appeals against admission of Section 7 insolvency applications, the Tribunal issued notice and deferred constitution of the Committee of Creditors until the next hearing, pending further consideration of the appellants' settlement proposals and the connected admission orders. It also directed the Interim Resolution Professional to keep the corporate debtor as a going concern and to obtain cooperation from the suspended board, employees, and banks. The interim directions were designed to preserve the insolvency resolution process while the appeals remained under consideration. Case-Laws Insolvency and Bankruptcy Fri, 27 Sep 2019 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=297142