Corporate insolvency resolution proceedings involved ...
Insolvency case: Court allows interim measures to protect company assets & stakeholder interests during resolution.
Case Laws Companies Law
October 28, 2024
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.
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