https://www.taxtmi.com/caselaws?id=288291 The Tribunal allowed the exclusion of a 145-day period due to non-cooperation by the Suspended Board of Directors, emphasizing the need for the Committee of Creditors to assess pending resolution plans. The Appellant was permitted to implead the Managing Director and Lead Bank of the Committee of Creditors. The Tribunal postponed the liquidation order, directed notice issuance to newly impleaded parties, and instructed the Interim Resolution Professional to ensure the company remains operational. Specific guidelines were provided for the company's financial operations under the Interim Resolution Professional's supervision. en-us Wed, 19 Jun 2019 00:00:00 +0530 Sat, 30 May 2020 11:11:22 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=288291 The Tribunal allowed the exclusion of a 145-day period due to non-cooperation by the Suspended Board of Directors, emphasizing the need for the Committee of Creditors to assess pending resolution plans. The Appellant was permitted to implead the Managing Director and Lead Bank of the Committee of Creditors. The Tribunal postponed the liquidation order, directed notice issuance to newly impleaded parties, and instructed the Interim Resolution Professional to ensure the company remains operational. Specific guidelines were provided for the company's financial operations under the Interim Resolution Professional's supervision. Case-Laws Insolvency and Bankruptcy Wed, 19 Jun 2019 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=288291