https://www.taxtmi.com/caselaws?id=428504 Publication of the corporate insolvency public announcement in one English newspaper and one regional-language newspaper with wide circulation satisfied Regulation 6(1), and the resolution professional was not required to issue separate individual notices to each creditor; the challenge on that ground failed. A creditor was required to submit its claim in response to the public invitation. During the moratorium, however, municipal demand and sealing action could not be pursued against the corporate debtor, because Section 14 barred coercive recovery and enforcement steps. The municipal notice and consequential action were therefore set aside, while compliance with the public notice requirement was upheld. en-us Thu, 29 Sep 2022 00:00:00 +0530 Mon, 03 Oct 2022 08:56:31 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=428504 Publication of the corporate insolvency public announcement in one English newspaper and one regional-language newspaper with wide circulation satisfied Regulation 6(1), and the resolution professional was not required to issue separate individual notices to each creditor; the challenge on that ground failed. A creditor was required to submit its claim in response to the public invitation. During the moratorium, however, municipal demand and sealing action could not be pursued against the corporate debtor, because Section 14 barred coercive recovery and enforcement steps. The municipal notice and consequential action were therefore set aside, while compliance with the public notice requirement was upheld. Case-Laws Insolvency and Bankruptcy Thu, 29 Sep 2022 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=428504