https://www.taxtmi.com/manuals?id=3075 Management as going concern requires the IRP/RP to protect and preserve the corporate debtor's value and manage its operations, including appointing professionals, entering into or modifying contracts, issuing instructions to personnel, and taking necessary actions. The IRP/RP may raise interim finance during CIRP to achieve these aims, subject to restrictions on creating security over encumbered property without secured creditors' consent except where property value substantially exceeds secured debt. Advance payments for goods received during CIRP are not interim finance but are treated as CIRP costs. en-us Tue, 08 Aug 2023 17:59:00 +0530 Fri, 08 Dec 2023 14:51:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/manuals?id=3075 Management as going concern requires the IRP/RP to protect and preserve the corporate debtor's value and manage its operations, including appointing professionals, entering into or modifying contracts, issuing instructions to personnel, and taking necessary actions. The IRP/RP may raise interim finance during CIRP to achieve these aims, subject to restrictions on creating security over encumbered property without secured creditors' consent except where property value substantially exceeds secured debt. Advance payments for goods received during CIRP are not interim finance but are treated as CIRP costs. Manuals IBC Tue, 08 Aug 2023 17:59:00 +0530 https://www.taxtmi.com/manuals?id=3075