https://www.taxtmi.com/caselaws?id=302137 The Tribunal admitted the application for Corporate Insolvency Resolution Process (CIRP) under Section 10 of the Insolvency and Bankruptcy Code, 2016, for M/S. Sri Aranath Logistics Ltd. due to default in debt payment. The special resolution passed by shareholders was deemed valid, objections by creditors and shareholders were dismissed, and Mr. Hanumal Mal Choraria was appointed as the Interim Resolution Professional. The Tribunal declared a moratorium, directing the IRP to convene a Committee of Creditors for a resolution plan and conduct the CIRP efficiently. Compliance with legal regulations and procedural requirements was emphasized in the judgment. en-us Fri, 08 Nov 2019 00:00:00 +0530 Fri, 06 May 2022 16:48:02 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=302137 The Tribunal admitted the application for Corporate Insolvency Resolution Process (CIRP) under Section 10 of the Insolvency and Bankruptcy Code, 2016, for M/S. Sri Aranath Logistics Ltd. due to default in debt payment. The special resolution passed by shareholders was deemed valid, objections by creditors and shareholders were dismissed, and Mr. Hanumal Mal Choraria was appointed as the Interim Resolution Professional. The Tribunal declared a moratorium, directing the IRP to convene a Committee of Creditors for a resolution plan and conduct the CIRP efficiently. Compliance with legal regulations and procedural requirements was emphasized in the judgment. Case-Laws Insolvency and Bankruptcy Fri, 08 Nov 2019 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=302137