https://www.taxtmi.com/caselaws?id=418488 The National Company Law Tribunal, Chennai Bench, approved the transfer of proceedings from the High Court to the NCLT for the initiation of Corporate Insolvency Resolution Process under the IBC, 2016. An Interim Resolution Professional was appointed to oversee the process, and a moratorium was imposed under Section 14 of the IBC. The moratorium would last until the completion of the Corporate Insolvency Resolution Process or upon approval of a Resolution Plan. The judgment clarified the roles and procedures to be followed in dealing with the Corporate Debtor's insolvency. en-us Tue, 01 Feb 2022 00:00:00 +0530 Fri, 18 Feb 2022 07:33:02 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=418488 The National Company Law Tribunal, Chennai Bench, approved the transfer of proceedings from the High Court to the NCLT for the initiation of Corporate Insolvency Resolution Process under the IBC, 2016. An Interim Resolution Professional was appointed to oversee the process, and a moratorium was imposed under Section 14 of the IBC. The moratorium would last until the completion of the Corporate Insolvency Resolution Process or upon approval of a Resolution Plan. The judgment clarified the roles and procedures to be followed in dealing with the Corporate Debtor's insolvency. Case-Laws Insolvency and Bankruptcy Tue, 01 Feb 2022 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=418488