Resolution Plan Delay Leads to Liquidation Order Under Insolvency and Bankruptcy Code; 270-Day Limit Enforced by Court.

Resolution Plan Delay Leads to Liquidation Order Under Insolvency and Bankruptcy Code; 270-Day Limit Enforced by Court. https://www.taxtmi.com/highlights?id=46483 Liquidation - expiry of lime limit of 270 days for resolution - the ‘Resolution Plan’ under I&B Code was not submitted within time and therefore, the ‘Committee of Creditors’ declined to consider the same - the Adjudicating Authority having ordered for liquidation, it cannot be held to be illegal en-us Tue, 14 May 2019 07:54:59 +0530 Mon, 13 May 2019 17:15:00 +0530 TaxTMI RSS Generator Resolution Plan Delay Leads to Liquidation Order Under Insolvency and Bankruptcy Code; 270-Day Limit Enforced by Court. https://www.taxtmi.com/highlights?id=46483 Liquidation - expiry of lime limit of 270 days for resolution - the ‘Resolution Plan’ under I&B Code was not submitted within time and therefore, the ‘Committee of Creditors’ declined to consider the same - the Adjudicating Authority having ordered for liquidation, it cannot be held to be illegal Highlights Insolvency and Bankruptcy Tue, 14 May 2019 07:54:59 +0530 https://www.taxtmi.com/highlights?id=46483