https://www.taxtmi.com/caselaws?id=361664 An appeal under the Insolvency and Bankruptcy Code was held time-barred because the statutory limitation under the Code could not be extended beyond the prescribed outer limit, and a notification could not override that scheme. As a result, the appellate tribunal found the appeal not maintainable and declined to entertain the challenge. On merits, it noted that the impugned schemes treated as resolution plans were legally infirm for want of notice to an unsecured creditor and for non-compliance with the requirements governing resolution plans, including conformity with the law in force and the statutory standard for approval. No interference was granted because the limitation bar deprived the tribunal of jurisdiction. en-us Wed, 30 May 2018 00:00:00 +0530 Tue, 12 Jun 2018 08:46:05 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=361664 An appeal under the Insolvency and Bankruptcy Code was held time-barred because the statutory limitation under the Code could not be extended beyond the prescribed outer limit, and a notification could not override that scheme. As a result, the appellate tribunal found the appeal not maintainable and declined to entertain the challenge. On merits, it noted that the impugned schemes treated as resolution plans were legally infirm for want of notice to an unsecured creditor and for non-compliance with the requirements governing resolution plans, including conformity with the law in force and the statutory standard for approval. No interference was granted because the limitation bar deprived the tribunal of jurisdiction. Case-Laws Insolvency and Bankruptcy Wed, 30 May 2018 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=361664