https://www.taxtmi.com/caselaws?id=350545 The court dismissed the application by a Promoter/Director seeking an extension of time for the completion of the Insolvency Resolution Process for a Corporate Debtor. The court held that only the Resolution Professional, not the Promoter/Director, could seek an extension beyond 180 days based on the Committee of Creditors' decision. As the Applicant's filing did not comply with the Code and the Committee's resolution, it was found not maintainable and was dismissed by the Adjudicating Authority. en-us Tue, 10 Oct 2017 00:00:00 +0530 Wed, 03 Jan 2018 12:03:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=350545 The court dismissed the application by a Promoter/Director seeking an extension of time for the completion of the Insolvency Resolution Process for a Corporate Debtor. The court held that only the Resolution Professional, not the Promoter/Director, could seek an extension beyond 180 days based on the Committee of Creditors' decision. As the Applicant's filing did not comply with the Code and the Committee's resolution, it was found not maintainable and was dismissed by the Adjudicating Authority. Case-Laws Insolvency and Bankruptcy Tue, 10 Oct 2017 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=350545