https://www.taxtmi.com/caselaws?id=415014 The Tribunal held that the term "shall" in Section 97 of the Insolvency and Bankruptcy Code (IBC) is directory, not mandatory. It affirmed the Adjudicating Authority's appointment of Mr. Anil Kohli as the Interim Resolution Professional (IRP), finding no legal errors in the Impugned Orders. The Tribunal dismissed the appeals, upholding Mr. Anil Kohli's appointment as the IRP and directing him to file a report under Section 19(9) of the IBC, without imposing costs on the parties. en-us Mon, 22 Nov 2021 00:00:00 +0530 Tue, 23 Nov 2021 12:16:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=415014 The Tribunal held that the term "shall" in Section 97 of the Insolvency and Bankruptcy Code (IBC) is directory, not mandatory. It affirmed the Adjudicating Authority's appointment of Mr. Anil Kohli as the Interim Resolution Professional (IRP), finding no legal errors in the Impugned Orders. The Tribunal dismissed the appeals, upholding Mr. Anil Kohli's appointment as the IRP and directing him to file a report under Section 19(9) of the IBC, without imposing costs on the parties. Case-Laws Insolvency and Bankruptcy Mon, 22 Nov 2021 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=415014