https://www.taxtmi.com/caselaws?id=383139 The Tribunal allowed the exclusion of 89 days for counting the 270-day period in the Corporate Insolvency Resolution Process. This exclusion aimed to facilitate the success of the resolution process and prevent the liquidation of the Corporate Debtor. The Resolution Professional and Committee of Creditors were granted additional time to conclude the process, with the Committee empowered to decide on issuing further Information Memoranda or considering already submitted Resolution Plans. The appeals were disposed of with these directions, leaving the decision-making process to the Committee of Creditors. en-us Fri, 10 May 2019 00:00:00 +0530 Thu, 18 Jul 2019 07:58:56 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=383139 The Tribunal allowed the exclusion of 89 days for counting the 270-day period in the Corporate Insolvency Resolution Process. This exclusion aimed to facilitate the success of the resolution process and prevent the liquidation of the Corporate Debtor. The Resolution Professional and Committee of Creditors were granted additional time to conclude the process, with the Committee empowered to decide on issuing further Information Memoranda or considering already submitted Resolution Plans. The appeals were disposed of with these directions, leaving the decision-making process to the Committee of Creditors. Case-Laws Insolvency and Bankruptcy Fri, 10 May 2019 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=383139