https://www.taxtmi.com/caselaws?id=301230 When the stay on insolvency proceedings was vacated, the original CIRP initiation order revived, enabling the Interim Resolution Professional to proceed from the affected stage. Because the earlier public announcement had lapsed during the stay, a fresh public announcement was required to invite claims and continue verification under the CIRP regulations. The process was also required to follow the prescribed model timeline under Regulation 40A. The resolution professional was therefore directed to continue the corporate insolvency resolution process, issue fresh public announcements under Regulation 6(1), verify claims, and proceed in accordance with the governing regulations. en-us Thu, 03 Oct 2019 00:00:00 +0530 Tue, 22 Mar 2022 08:57:15 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=301230 When the stay on insolvency proceedings was vacated, the original CIRP initiation order revived, enabling the Interim Resolution Professional to proceed from the affected stage. Because the earlier public announcement had lapsed during the stay, a fresh public announcement was required to invite claims and continue verification under the CIRP regulations. The process was also required to follow the prescribed model timeline under Regulation 40A. The resolution professional was therefore directed to continue the corporate insolvency resolution process, issue fresh public announcements under Regulation 6(1), verify claims, and proceed in accordance with the governing regulations. Case-Laws Companies Law Thu, 03 Oct 2019 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=301230