https://www.taxtmi.com/caselaws?id=347499 The sanctioned sickness scheme retained binding effect under the repeal and saving framework, and the subsequent clarification dated 24.05.2017 treated schemes already sanctioned or under implementation as approved resolution plans for purposes of the Insolvency and Bankruptcy Code, 2016. In light of that statutory transition, further directions on amendment of the cut-off date and extension of the rehabilitation period were unnecessary in the petition, and the appropriate forum for any further action was the National Company Law Tribunal. The petitioner was left at liberty to pursue that remedy if advised. en-us Thu, 17 Aug 2017 00:00:00 +0530 Wed, 03 Jan 2018 12:17:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=347499 The sanctioned sickness scheme retained binding effect under the repeal and saving framework, and the subsequent clarification dated 24.05.2017 treated schemes already sanctioned or under implementation as approved resolution plans for purposes of the Insolvency and Bankruptcy Code, 2016. In light of that statutory transition, further directions on amendment of the cut-off date and extension of the rehabilitation period were unnecessary in the petition, and the appropriate forum for any further action was the National Company Law Tribunal. The petitioner was left at liberty to pursue that remedy if advised. Case-Laws Insolvency and Bankruptcy Thu, 17 Aug 2017 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=347499