https://www.taxtmi.com/caselaws?id=430222 The petition was admitted, and the Corporate Insolvency Resolution Process (CIRP) was initiated against the corporate debtor, M/s. AGM Auto Private Limited, with a moratorium period taking effect immediately. The Tribunal found that all statutory requirements were met, and appointed an Interim Resolution Professional (IRP) to take control of the debtor's assets. The petitioner was directed to deposit funds for CIRP expenses, and the IRP was instructed to manage the affairs of the debtor with cooperation from its directors and personnel. Additionally, the IRP was tasked with public announcements, forming a Committee of Creditors, and submitting progress reports to the Tribunal regularly. en-us Fri, 28 Oct 2022 00:00:00 +0530 Tue, 15 Nov 2022 09:16:15 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=430222 The petition was admitted, and the Corporate Insolvency Resolution Process (CIRP) was initiated against the corporate debtor, M/s. AGM Auto Private Limited, with a moratorium period taking effect immediately. The Tribunal found that all statutory requirements were met, and appointed an Interim Resolution Professional (IRP) to take control of the debtor's assets. The petitioner was directed to deposit funds for CIRP expenses, and the IRP was instructed to manage the affairs of the debtor with cooperation from its directors and personnel. Additionally, the IRP was tasked with public announcements, forming a Committee of Creditors, and submitting progress reports to the Tribunal regularly. Case-Laws Insolvency and Bankruptcy Fri, 28 Oct 2022 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=430222