https://www.taxtmi.com/caselaws?id=802590 Availability of a statutory appeal does not bar writ jurisdiction, but ordinarily calls for judicial restraint unless an exceptional ground is established. Following commencement of insolvency resolution, management and representation of the corporate debtor vest in the interim resolution professional; former directors may also participate in their individual capacities. Financial debt involves disbursement against the time value of money, and contractual penal interest or charges generally form part of that debt only if stipulated in the financial contract. The insolvency tribunal's inquiry into default is summary. The resolution professional may verify claims and refuse unsupported portions but cannot adjudicate them. en-us Fri, 23 Oct 2026 00:00:00 +0530 Thu, 12 Nov 2026 08:39:15 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=802590 Availability of a statutory appeal does not bar writ jurisdiction, but ordinarily calls for judicial restraint unless an exceptional ground is established. Following commencement of insolvency resolution, management and representation of the corporate debtor vest in the interim resolution professional; former directors may also participate in their individual capacities. Financial debt involves disbursement against the time value of money, and contractual penal interest or charges generally form part of that debt only if stipulated in the financial contract. The insolvency tribunal's inquiry into default is summary. The resolution professional may verify claims and refuse unsupported portions but cannot adjudicate them. Case-Laws IBC Fri, 23 Oct 2026 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=802590