https://www.taxtmi.com/caselaws?id=288227 The Tribunal approved the appointment of a new Resolution Professional, Shri Bannanje, replacing the previous professional, based on the Committee of Creditors' resolution. Additionally, the Tribunal granted the Committee of Creditors' request for a 90-day extension of the Corporate Insolvency Resolution Process (CIRP) time period due to legitimate delays in the resolution process. The decision ensured compliance with the Insolvency and Bankruptcy Code, 2016, and aimed to facilitate the effective completion of the resolution process. en-us Tue, 11 Sep 2018 00:00:00 +0530 Wed, 27 May 2020 10:44:12 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=288227 The Tribunal approved the appointment of a new Resolution Professional, Shri Bannanje, replacing the previous professional, based on the Committee of Creditors' resolution. Additionally, the Tribunal granted the Committee of Creditors' request for a 90-day extension of the Corporate Insolvency Resolution Process (CIRP) time period due to legitimate delays in the resolution process. The decision ensured compliance with the Insolvency and Bankruptcy Code, 2016, and aimed to facilitate the effective completion of the resolution process. Case-Laws Insolvency and Bankruptcy Tue, 11 Sep 2018 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=288227