https://www.taxtmi.com/caselaws?id=372668 The judgment clarified that the 180-day limit under the Sick Industrial Companies (Special Provisions) Repeal Act, 2003 does not bar the filing of an independent application under Section 10 of the Insolvency and Bankruptcy Code, 2016 after 180 days, as long as the requisite fee is paid. It also ruled that ex-employees lack standing to oppose such applications. In another matter, the Tribunal overturned the dismissal of an application under Section 9 of the I&B Code by an Authorized Representative of workers, directing the Adjudicating Authority to admit the application and proceed with the Corporate Insolvency Resolution Process against the Corporate Debtor. en-us Thu, 04 Oct 2018 00:00:00 +0530 Thu, 27 Dec 2018 16:00:29 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=372668 The judgment clarified that the 180-day limit under the Sick Industrial Companies (Special Provisions) Repeal Act, 2003 does not bar the filing of an independent application under Section 10 of the Insolvency and Bankruptcy Code, 2016 after 180 days, as long as the requisite fee is paid. It also ruled that ex-employees lack standing to oppose such applications. In another matter, the Tribunal overturned the dismissal of an application under Section 9 of the I&B Code by an Authorized Representative of workers, directing the Adjudicating Authority to admit the application and proceed with the Corporate Insolvency Resolution Process against the Corporate Debtor. Case-Laws Insolvency and Bankruptcy Thu, 04 Oct 2018 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=372668