The case involves an appeal against the initiation of a Corporate Insolvency Resolution Process under Section 9 of the Insolvency and Bankruptcy Code, 2016. A 'Provisional Liquidator' had already been appointed.
Arise India Limited filed an appeal against TCI Freight (a division of Transport Corporation of India Ltd.). The appeal concerned the initiation of a 'Corporate Insolvency Resolution Process' under Section 9 of the Insolvency and Bankruptcy Code, 2016. A 'Provisional Liquidator' had already been appointed. The court dismissed the appeal.
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The court dismissed the appeal, stating that…
The case involves an appeal against the initiation of a Corporate Insolvency Resolution Process under Section 9 of the Insolvency and Bankruptcy Code, 2016. A 'Provisional Liquidator' had already been appointed.
Arise India Limited filed an appeal against TCI Freight (a division of Transport Corporation of India Ltd.). The appeal concerned the initiation of a 'Corporate Insolvency Resolution Process' under Section 9 of the Insolvency and Bankruptcy Code, 2016. A 'Provisional Liquidator' had already been appointed. The court dismissed the appeal.
The court dismissed the appeal, stating that…