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Companies Law - Highlights / Catch Notes

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Corporate insolvency resolution proceedings involved ...


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

October 28, 2024

Case Laws     Companies Law     HC

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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