https://www.taxtmi.com/caselaws?id=441729 The Tribunal rejected the Corporate Debtor's application for restoration of authorized signatories in bank accounts and removal of the Interim Resolution Professional, emphasizing that a stay on the Corporate Insolvency Resolution Process does not entitle the Corporate Debtor to resume previous functions. The Tribunal also clarified that the Interim Resolution Professional is not allowed to proceed further in the process but must ensure the Corporate Debtor operates as a going concern during the stay. en-us Thu, 10 Aug 2023 00:00:00 +0530 Mon, 14 Aug 2023 14:20:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=441729 The Tribunal rejected the Corporate Debtor's application for restoration of authorized signatories in bank accounts and removal of the Interim Resolution Professional, emphasizing that a stay on the Corporate Insolvency Resolution Process does not entitle the Corporate Debtor to resume previous functions. The Tribunal also clarified that the Interim Resolution Professional is not allowed to proceed further in the process but must ensure the Corporate Debtor operates as a going concern during the stay. Case-Laws Insolvency and Bankruptcy Thu, 10 Aug 2023 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=441729