The case involves two applications, IA No. 157/2021 and IA No. 592/2021, filed under Section 60(5) of the IBC, 2016. IA No. 157/2021 was filed by the Resolution Professional against the Income Tax Department to remove a lien on the corporate debtor's bank account. IA No. 592/2021 was filed by the Excise and Taxation Commissioner, Haryana, seeking acceptance of their claim for statutory dues, which had been rejected by the Resolution Professional.
The Adjudicating Authority admitted a petition filed by an Operational Creditor on November 16, 2018, and subsequently imposed a moratorium on November 29, 2018. Mr. Harvinder Singh was appointed as the Interim Resolution Professional. Following these orders, the management and affairs of the Corporate Debtor were vested with the Interim Resolution Professional, as per clause (a) of sub-section (1) of Section 17 of the Insolvency and Bankruptcy Code, 2016.
…The Adjudicating…
Moratorium was imposed, and Mr. Harvinder Singh…
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The case involves two applications, IA No. 157/2021 and IA No. 592/2021, filed under Section 60(5) of the IBC, 2016. IA No. 157/2021 was filed by the Resolution Professional against the Income Tax Department to remove a lien on the corporate debtor's bank account. IA No. 592/2021 was filed by the Excise and Taxation Commissioner, Haryana, seeking acceptance of their claim for statutory dues, which had been rejected by the Resolution Professional.
The Adjudicating Authority admitted a petition filed by an Operational Creditor on November 16, 2018, and subsequently imposed a moratorium on November 29, 2018. Mr. Harvinder Singh was appointed as the Interim Resolution Professional. Following these orders, the management and affairs of the Corporate Debtor were vested with the Interim Resolution Professional, as per clause (a) of sub-section (1) of Section 17 of the Insolvency and Bankruptcy Code, 2016.
…The Adjudicating…
Moratorium was imposed, and Mr. Harvinder Singh…
Sign in to view related legal provisions.