https://www.taxtmi.com/caselaws?id=418209 The Tribunal acknowledged the application to initiate Corporate Insolvency Resolution Process against the Guarantor under the Insolvency and Bankruptcy Code, 2016. An Interim Resolution Professional was appointed to manage the process and safeguard the Guarantor's assets. The Resolution Professional was directed to provide recommendations within a specified timeframe, share reports with creditors and the Corporate Applicant, and continue proceedings accordingly. Compliance with the Code's provisions and the appointment of the Resolution Professional were emphasized to ensure an effective resolution process. en-us Tue, 01 Feb 2022 00:00:00 +0530 Fri, 11 Feb 2022 07:19:51 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=418209 The Tribunal acknowledged the application to initiate Corporate Insolvency Resolution Process against the Guarantor under the Insolvency and Bankruptcy Code, 2016. An Interim Resolution Professional was appointed to manage the process and safeguard the Guarantor's assets. The Resolution Professional was directed to provide recommendations within a specified timeframe, share reports with creditors and the Corporate Applicant, and continue proceedings accordingly. Compliance with the Code's provisions and the appointment of the Resolution Professional were emphasized to ensure an effective resolution process. Case-Laws Insolvency and Bankruptcy Tue, 01 Feb 2022 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=418209