https://www.taxtmi.com/caselaws?id=375337 The Tribunal favored resolution over liquidation in a case where an unregistered employees union sought to present a Resolution Plan for a Company facing liquidation. The Tribunal emphasized the importance of preserving the Company as a going concern, considering the impact on creditors, workmen, and valuable resources. It excluded the waiting period for prospective investors and extended the Corporate Insolvency Resolution Process for the identified investor to submit a Resolution Plan, highlighting the Code's objective of resolution. The Tribunal directed the investor to provide necessary details for verification by the Resolution Professional to facilitate the process. en-us Tue, 01 Jan 2019 00:00:00 +0530 Mon, 18 Feb 2019 06:35:11 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=375337 The Tribunal favored resolution over liquidation in a case where an unregistered employees union sought to present a Resolution Plan for a Company facing liquidation. The Tribunal emphasized the importance of preserving the Company as a going concern, considering the impact on creditors, workmen, and valuable resources. It excluded the waiting period for prospective investors and extended the Corporate Insolvency Resolution Process for the identified investor to submit a Resolution Plan, highlighting the Code's objective of resolution. The Tribunal directed the investor to provide necessary details for verification by the Resolution Professional to facilitate the process. Case-Laws Insolvency and Bankruptcy Tue, 01 Jan 2019 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=375337