https://www.taxtmi.com/caselaws?id=416291 The Tribunal dismissed the application to replace the Resolution Professional, rejected the application for liquidation of the Corporate Debtor, and dismissed the application for prosecution against the Corporate Debtor. The Tribunal directed the Resolution Professional to continue the Corporate Insolvency Resolution Process from the reconstitution of the Committee of Creditors stage and emphasized the importance of cooperation between the Resolution Professional and the Committee of Creditors for the benefit of all stakeholders. The Tribunal restricted the Resolution Professional's fee during the litigation period and instructed the former Directors of the Corporate Debtor to cooperate fully. en-us Tue, 21 Dec 2021 00:00:00 +0530 Sat, 25 Dec 2021 08:42:35 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=416291 The Tribunal dismissed the application to replace the Resolution Professional, rejected the application for liquidation of the Corporate Debtor, and dismissed the application for prosecution against the Corporate Debtor. The Tribunal directed the Resolution Professional to continue the Corporate Insolvency Resolution Process from the reconstitution of the Committee of Creditors stage and emphasized the importance of cooperation between the Resolution Professional and the Committee of Creditors for the benefit of all stakeholders. The Tribunal restricted the Resolution Professional's fee during the litigation period and instructed the former Directors of the Corporate Debtor to cooperate fully. Case-Laws Insolvency and Bankruptcy Tue, 21 Dec 2021 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=416291