https://www.taxtmi.com/caselaws?id=383786 The Tribunal allowed the application challenging the rejection of the Resolution Plan, emphasizing the need for insolvency resolution over liquidation. It directed the Resolution Professional to further scrutinize the Plan, considering the interests of employees and stakeholders. Time spent in proceedings and additional 30 days for CoC's consideration were excluded from the CIRP period. The case was disposed of with these directions. en-us Tue, 21 May 2019 00:00:00 +0530 Tue, 30 Jul 2019 16:36:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=383786 The Tribunal allowed the application challenging the rejection of the Resolution Plan, emphasizing the need for insolvency resolution over liquidation. It directed the Resolution Professional to further scrutinize the Plan, considering the interests of employees and stakeholders. Time spent in proceedings and additional 30 days for CoC's consideration were excluded from the CIRP period. The case was disposed of with these directions. Case-Laws Insolvency and Bankruptcy Tue, 21 May 2019 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=383786