https://www.taxtmi.com/caselaws?id=387628 The Adjudicating Authority dismissed the Appellant's application for exclusion of a certain period from the Corporate Insolvency Resolution Process, citing reasons such as non-approval of the Resolution Plan by the Committee of Creditors and the plan's lower value compared to liquidation value. Despite a 90-day extension granted, the exclusion application was rejected as the 270-day period had expired. The Authority emphasized the need to comply with Section 230 of the Companies Act, 2013, directing the liquidator to follow the Appellate Tribunal's directions for the Corporate Debtor's revival. en-us Wed, 17 Jul 2019 00:00:00 +0530 Sat, 26 Oct 2019 10:22:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=387628 The Adjudicating Authority dismissed the Appellant's application for exclusion of a certain period from the Corporate Insolvency Resolution Process, citing reasons such as non-approval of the Resolution Plan by the Committee of Creditors and the plan's lower value compared to liquidation value. Despite a 90-day extension granted, the exclusion application was rejected as the 270-day period had expired. The Authority emphasized the need to comply with Section 230 of the Companies Act, 2013, directing the liquidator to follow the Appellate Tribunal's directions for the Corporate Debtor's revival. Case-Laws Insolvency and Bankruptcy Wed, 17 Jul 2019 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=387628