https://www.taxtmi.com/caselaws?id=394565 The Appellate Tribunal allowed the appeal by the Resolution Applicant seeking an extension of time in the Corporate Insolvency Resolution Process. The Tribunal set aside the Adjudicating Authority's order and granted the Applicant 90 days to complete the process from the date of the Amendment Act. The Applicant was directed to finalize the Resolution Plan within the specified timeframe, with instructions for the Committee of Creditors to make a decision within 30 days and present the matter for appropriate orders. The appeal was allowed, emphasizing compliance with the amended provisions and timely completion of the process. en-us Mon, 30 Sep 2019 00:00:00 +0530 Fri, 17 Apr 2020 12:29:02 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=394565 The Appellate Tribunal allowed the appeal by the Resolution Applicant seeking an extension of time in the Corporate Insolvency Resolution Process. The Tribunal set aside the Adjudicating Authority's order and granted the Applicant 90 days to complete the process from the date of the Amendment Act. The Applicant was directed to finalize the Resolution Plan within the specified timeframe, with instructions for the Committee of Creditors to make a decision within 30 days and present the matter for appropriate orders. The appeal was allowed, emphasizing compliance with the amended provisions and timely completion of the process. Case-Laws Insolvency and Bankruptcy Mon, 30 Sep 2019 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=394565