https://www.taxtmi.com/caselaws?id=435789 The Tribunal clarified that the moratorium under Section 14 of the I & B Code, 2016 applies to the entire Corporate Debtor, protecting all assets and liabilities. The 'Reverse CIRP' mechanism was specified to be project-specific, confined to the "Winter Hills-77" project and not extending to other projects like "Monsoon Breeze-II." The IRP's role in the 'Reverse CIRP' is primarily to oversee the completion of the specific project and ensure compliance with Tribunal orders, without taking over the management of the entire Corporate Debtor unless necessary. en-us Fri, 24 Mar 2023 00:00:00 +0530 Tue, 28 Mar 2023 07:59:36 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=435789 The Tribunal clarified that the moratorium under Section 14 of the I & B Code, 2016 applies to the entire Corporate Debtor, protecting all assets and liabilities. The 'Reverse CIRP' mechanism was specified to be project-specific, confined to the "Winter Hills-77" project and not extending to other projects like "Monsoon Breeze-II." The IRP's role in the 'Reverse CIRP' is primarily to oversee the completion of the specific project and ensure compliance with Tribunal orders, without taking over the management of the entire Corporate Debtor unless necessary. Case-Laws Insolvency and Bankruptcy Fri, 24 Mar 2023 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=435789