https://www.taxtmi.com/caselaws?id=386570 The Tribunal granted a 90-day extension for the Corporate Insolvency Resolution Process (CIRP) due to delays and challenges faced. The Resolution Professional's application for extension was approved by the Committee of Creditors with a voting share of 79.2%. The Tribunal considered the necessity of the extension and extended the CIRP period by an additional 90 days beyond the initial 180 days to facilitate the completion of the process effectively. The Tribunal emphasized the importance of diligently working towards completing the CIRP within the extended timeframe to address any obstacles promptly. en-us Tue, 04 Jun 2019 00:00:00 +0530 Thu, 03 Oct 2019 06:08:40 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=386570 The Tribunal granted a 90-day extension for the Corporate Insolvency Resolution Process (CIRP) due to delays and challenges faced. The Resolution Professional's application for extension was approved by the Committee of Creditors with a voting share of 79.2%. The Tribunal considered the necessity of the extension and extended the CIRP period by an additional 90 days beyond the initial 180 days to facilitate the completion of the process effectively. The Tribunal emphasized the importance of diligently working towards completing the CIRP within the extended timeframe to address any obstacles promptly. Case-Laws Insolvency and Bankruptcy Tue, 04 Jun 2019 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=386570