Just a moment...

Report
FeedbackReport
Bars
Logo TaxTMI
>
×

By creating an account you can:

Feedback/Report an Error
Email :
Please provide your email address so we can follow up on your feedback.
Category :
Description :
Min 15 characters0/2000
TMI Blog
Home / RSS

Insolvency case: Court allows interim measures to protect company assets & stakeholder interests during resolution.

X X   X X   Extracts   X X   X X

Full Text of the Document

X X   X X   Extracts   X X   X X

....Corporate insolvency resolution proceedings involved intervention by Greenopolis Welfare Confederation. Court permitted Interim Resolution Professional (IRP) to undertake specific measures to safeguard corporate debtor's assets and stakeholders' interests, including compliance and status reporting before next hearing date. Disposition of application regarding IRP's role and actions in protecting company's assets during insolvency process.....