https://www.taxtmi.com/caselaws?id=383728 Time excluded from the corporate insolvency resolution process cannot be sought by a financial creditor alone under section 60(5) of the Insolvency and Bankruptcy Code where the Committee of Creditors has not resolved to seek such relief. The request based on revival of mining leases and pendency of a challenge to the resolution professional's admission of claims was found insufficient by itself, particularly since no resolution plan had been filed even during the extended period and the statutory role of the Committee of Creditors under section 28 had not been invoked for the decision. The exclusion request was therefore rejected. en-us Thu, 16 May 2019 00:00:00 +0530 Tue, 30 Jul 2019 06:38:56 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=383728 Time excluded from the corporate insolvency resolution process cannot be sought by a financial creditor alone under section 60(5) of the Insolvency and Bankruptcy Code where the Committee of Creditors has not resolved to seek such relief. The request based on revival of mining leases and pendency of a challenge to the resolution professional's admission of claims was found insufficient by itself, particularly since no resolution plan had been filed even during the extended period and the statutory role of the Committee of Creditors under section 28 had not been invoked for the decision. The exclusion request was therefore rejected. Case-Laws Insolvency and Bankruptcy Thu, 16 May 2019 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=383728