https://www.taxtmi.com/caselaws?id=422660 The Tribunal admitted the application and commenced the Corporate Insolvency Resolution Process (CIRP) against M/s. A.L. Sudershan Constructions Company Limited. Mr. Kalavakolanu Murali Krishna Prasad was appointed as the Interim Resolution Professional (IRP). The Financial Creditor's claim of Rs. 239,51,53,055.83/- was acknowledged, and the Corporate Debtor's various One-Time Settlement (OTS) proposals were rejected. The Tribunal found compliance with the Insolvency and Bankruptcy Code, 2016, and ordered a moratorium, directing the IRP to manage the Corporate Debtor, call for claims, and prohibit actions against the Debtor. en-us Fri, 06 May 2022 00:00:00 +0530 Fri, 20 May 2022 09:00:02 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=422660 The Tribunal admitted the application and commenced the Corporate Insolvency Resolution Process (CIRP) against M/s. A.L. Sudershan Constructions Company Limited. Mr. Kalavakolanu Murali Krishna Prasad was appointed as the Interim Resolution Professional (IRP). The Financial Creditor's claim of Rs. 239,51,53,055.83/- was acknowledged, and the Corporate Debtor's various One-Time Settlement (OTS) proposals were rejected. The Tribunal found compliance with the Insolvency and Bankruptcy Code, 2016, and ordered a moratorium, directing the IRP to manage the Corporate Debtor, call for claims, and prohibit actions against the Debtor. Case-Laws Insolvency and Bankruptcy Fri, 06 May 2022 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=422660