https://www.taxtmi.com/caselaws?id=283790 The judgment upheld the resolution for liquidation of a Corporate Debtor, dismissing the Applicant's plea for rejection and issuance of Information Memorandum. The delay in preparing the Memorandum was rejected, emphasizing the need for timely completion of the Corporate Insolvency Resolution Process (CIRP). The NCLT's jurisdiction to address CIRP issues was affirmed, emphasizing the balance between resolution and liquidation. The Applicant's challenge on exclusion of time was deemed a delay tactic, with the Tribunal emphasizing compliance with regulatory requirements and CoC discretion in CIRP timeframes. en-us Thu, 20 Dec 2018 00:00:00 +0530 Sat, 12 Oct 2019 07:52:48 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=283790 The judgment upheld the resolution for liquidation of a Corporate Debtor, dismissing the Applicant's plea for rejection and issuance of Information Memorandum. The delay in preparing the Memorandum was rejected, emphasizing the need for timely completion of the Corporate Insolvency Resolution Process (CIRP). The NCLT's jurisdiction to address CIRP issues was affirmed, emphasizing the balance between resolution and liquidation. The Applicant's challenge on exclusion of time was deemed a delay tactic, with the Tribunal emphasizing compliance with regulatory requirements and CoC discretion in CIRP timeframes. Case-Laws Insolvency and Bankruptcy Thu, 20 Dec 2018 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=283790