Court Oversteps by Extending Insolvency Process 90 Days Beyond Limit, Misapplies Section 55 of Insolvency Code. https://www.taxtmi.com/highlights?id=46973 conversion of CIRP u/ss 7 or 9 or 10 to Fast Track Corporate Insolvency Resolution Process’ u/s 55 of the I&B Code after 270 days - Adjudicating Authority exceeded its jurisdiction by extending the period of 90 days after completion of 270 days of the CIRP wrongly exercising its power u/s 55(2) which is not applicable en-us Wed, 05 Jun 2019 06:24:49 +0530 Wed, 05 Jun 2019 06:24:49 +0530 TaxTMI RSS Generator Court Oversteps by Extending Insolvency Process 90 Days Beyond Limit, Misapplies Section 55 of Insolvency Code. https://www.taxtmi.com/highlights?id=46973 conversion of CIRP u/ss 7 or 9 or 10 to Fast Track Corporate Insolvency Resolution Process’ u/s 55 of the I&B Code after 270 days - Adjudicating Authority exceeded its jurisdiction by extending the period of 90 days after completion of 270 days of the CIRP wrongly exercising its power u/s 55(2) which is not applicable Highlights Insolvency and Bankruptcy Wed, 05 Jun 2019 06:24:49 +0530 https://www.taxtmi.com/highlights?id=46973