https://www.taxtmi.com/caselaws?id=297170 A fresh corporate insolvency resolution process cannot be initiated against a corporate debtor already undergoing insolvency proceedings, as the statutory bar under the Insolvency and Bankruptcy Code operates during the subsistence of the existing process. On that basis, the tribunal did not examine the merits of the later application and treated the second initiation as impermissible. The applicants were left free to file their claim before the insolvency professional in accordance with law. en-us Thu, 19 Sep 2019 00:00:00 +0530 Sun, 22 Aug 2021 12:07:27 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=297170 A fresh corporate insolvency resolution process cannot be initiated against a corporate debtor already undergoing insolvency proceedings, as the statutory bar under the Insolvency and Bankruptcy Code operates during the subsistence of the existing process. On that basis, the tribunal did not examine the merits of the later application and treated the second initiation as impermissible. The applicants were left free to file their claim before the insolvency professional in accordance with law. Case-Laws Insolvency and Bankruptcy Thu, 19 Sep 2019 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=297170