https://www.taxtmi.com/caselaws?id=288010 The Corporate Insolvency Resolution Process period may be extended where the Committee of Creditors approves the request and the Resolution Professional shows that the extension is necessary to complete the resolution process within the Insolvency and Bankruptcy Code framework. The application was supported by minutes recording overwhelming voting approval, and the Resolution Professional was authorised to seek extension before the Adjudicating Authority. On that basis, the request was treated as genuine and in conformity with the statutory and regulatory scheme, and the CIRP period was extended by 90 days beyond 180 days. en-us Fri, 30 Aug 2019 00:00:00 +0530 Thu, 14 May 2020 02:08:52 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=288010 The Corporate Insolvency Resolution Process period may be extended where the Committee of Creditors approves the request and the Resolution Professional shows that the extension is necessary to complete the resolution process within the Insolvency and Bankruptcy Code framework. The application was supported by minutes recording overwhelming voting approval, and the Resolution Professional was authorised to seek extension before the Adjudicating Authority. On that basis, the request was treated as genuine and in conformity with the statutory and regulatory scheme, and the CIRP period was extended by 90 days beyond 180 days. Case-Laws Insolvency and Bankruptcy Fri, 30 Aug 2019 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=288010