https://www.taxtmi.com/caselaws?id=354456 An application to extend the corporate insolvency resolution process beyond the 180-day statutory period was held not maintainable because it was filed after expiry of the prescribed time. The request was not supported by a timely filing before the deadline, and the record showed inadequate progress in valuation, resolution and committee conduct. On those facts, the statutory discretion to grant an extension was not attracted, and no sufficient ground existed to prolong the resolution period or moratorium. en-us Fri, 22 Dec 2017 00:00:00 +0530 Mon, 29 Jan 2018 08:18:08 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=354456 An application to extend the corporate insolvency resolution process beyond the 180-day statutory period was held not maintainable because it was filed after expiry of the prescribed time. The request was not supported by a timely filing before the deadline, and the record showed inadequate progress in valuation, resolution and committee conduct. On those facts, the statutory discretion to grant an extension was not attracted, and no sufficient ground existed to prolong the resolution period or moratorium. Case-Laws Insolvency and Bankruptcy Fri, 22 Dec 2017 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=354456