https://www.taxtmi.com/caselaws?id=299445 The court granted the Interim Resolution Professional's request for the disbursal of funds amounting to Rs. 2,03,796.00 from an ESCROW account for Corporate Insolvency Resolution Process (CIRP) expenses. The Committee of Creditors had approved the expenses and the IRP's remuneration. Additionally, the court addressed the IRP's application for access to the books of account from the suspended Board of Directors, directing the respondents to provide the necessary information within 10 days. The judgment emphasized the importance of timely actions to avoid procedural delays in the insolvency resolution process. en-us Mon, 22 Mar 2021 00:00:00 +0530 Wed, 15 Dec 2021 09:25:58 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=299445 The court granted the Interim Resolution Professional's request for the disbursal of funds amounting to Rs. 2,03,796.00 from an ESCROW account for Corporate Insolvency Resolution Process (CIRP) expenses. The Committee of Creditors had approved the expenses and the IRP's remuneration. Additionally, the court addressed the IRP's application for access to the books of account from the suspended Board of Directors, directing the respondents to provide the necessary information within 10 days. The judgment emphasized the importance of timely actions to avoid procedural delays in the insolvency resolution process. Case-Laws Insolvency and Bankruptcy Mon, 22 Mar 2021 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=299445