https://www.taxtmi.com/caselaws?id=273348 The appeal was allowed, setting aside the order of the Adjudicating Authority and extending the resolution process for another 90 days. The Appellate Tribunal emphasized that an extension under Section 12 of the Insolvency and Bankruptcy Code can be sought after the initial 180 days if approved by the Committee of Creditors. The Tribunal found that the Authority failed to justify the rejection of the extension and directed all parties to proceed in accordance with the law to ensure the completion of the insolvency resolution process. en-us Mon, 05 Mar 2018 00:00:00 +0530 Tue, 19 Jun 2018 22:00:31 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=273348 The appeal was allowed, setting aside the order of the Adjudicating Authority and extending the resolution process for another 90 days. The Appellate Tribunal emphasized that an extension under Section 12 of the Insolvency and Bankruptcy Code can be sought after the initial 180 days if approved by the Committee of Creditors. The Tribunal found that the Authority failed to justify the rejection of the extension and directed all parties to proceed in accordance with the law to ensure the completion of the insolvency resolution process. Case-Laws Insolvency and Bankruptcy Mon, 05 Mar 2018 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=273348