https://www.taxtmi.com/caselaws?id=284027 Further exclusion of time from the corporate insolvency resolution process was refused because exclusion is justified only on unforeseen and recognised grounds, and the record showed an earlier exclusion had already been granted while the same period had previously been rejected. With the statutory resolution period expired and no viable resolution plan under consideration, the tribunal held that the process could not be extended beyond the outer limit and ordered liquidation of the corporate debtor, appointing the resolution professional as liquidator with consequential statutory directions. en-us Fri, 08 Mar 2019 00:00:00 +0530 Thu, 24 Oct 2019 07:40:31 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=284027 Further exclusion of time from the corporate insolvency resolution process was refused because exclusion is justified only on unforeseen and recognised grounds, and the record showed an earlier exclusion had already been granted while the same period had previously been rejected. With the statutory resolution period expired and no viable resolution plan under consideration, the tribunal held that the process could not be extended beyond the outer limit and ordered liquidation of the corporate debtor, appointing the resolution professional as liquidator with consequential statutory directions. Case-Laws Insolvency and Bankruptcy Fri, 08 Mar 2019 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=284027