https://www.taxtmi.com/article/detailed?id=11880 Section 7 permits a financial creditor to initiate CIRP by filing an application with evidence of default, proposing an interim resolution professional, and supplying specified particulars; the Adjudicating Authority admits a complete application showing default and no disciplinary impediment to the proposed professional. When multiple Section 7 petitions against one corporate debtor exist, a later petition whose adjudicatory order has attained finality should not be rendered inoperative solely by pendency of an earlier appeal, and the intervening creditor may seek restoration so the tribunal can pass fresh orders considering finality and other proceedings. en-us Sat, 23 Sep 2023 09:37:26 +0530 Sat, 23 Sep 2023 09:37:26 +0530 TaxTMI RSS Generator https://www.taxtmi.com/article/detailed?id=11880 Section 7 permits a financial creditor to initiate CIRP by filing an application with evidence of default, proposing an interim resolution professional, and supplying specified particulars; the Adjudicating Authority admits a complete application showing default and no disciplinary impediment to the proposed professional. When multiple Section 7 petitions against one corporate debtor exist, a later petition whose adjudicatory order has attained finality should not be rendered inoperative solely by pendency of an earlier appeal, and the intervening creditor may seek restoration so the tribunal can pass fresh orders considering finality and other proceedings. Articles Goods and Services Tax - GST Sat, 23 Sep 2023 09:37:26 +0530 https://www.taxtmi.com/article/detailed?id=11880