https://www.taxtmi.com/caselaws?id=424147 The Tribunal admitted the application for Corporate Insolvency Resolution Process (CIRP), imposed a moratorium, appointed a new Interim Resolution Professional (IRP), directed management to vest in the IRP during CIRP, and required quarterly progress reports. The Financial Creditor was instructed to deposit funds for public notice expenses, and compliance measures were outlined. The Tribunal communicated the order to relevant parties and disposed of the application for a change in the proposed IRP, scheduling a progress report filing for a future date. en-us Mon, 13 Jun 2022 00:00:00 +0530 Thu, 23 Jun 2022 16:30:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=424147 The Tribunal admitted the application for Corporate Insolvency Resolution Process (CIRP), imposed a moratorium, appointed a new Interim Resolution Professional (IRP), directed management to vest in the IRP during CIRP, and required quarterly progress reports. The Financial Creditor was instructed to deposit funds for public notice expenses, and compliance measures were outlined. The Tribunal communicated the order to relevant parties and disposed of the application for a change in the proposed IRP, scheduling a progress report filing for a future date. Case-Laws Insolvency and Bankruptcy Mon, 13 Jun 2022 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=424147