https://www.taxtmi.com/caselaws?id=288910 The Tribunal granted an extension of time for the resolution process under the Insolvency & Bankruptcy Code, 2016, allowing the Resolution Professional to continue managing the process beyond the initial 180-day period. Despite challenges and objections raised by the promoter-director and another objector, the Tribunal dismissed these objections, upholding the RP's application for extension. The Tribunal emphasized the importance of continuing the resolution process in the corporate debtor's best interest, rejecting claims that the process had become ineffective due to the extended timeline. en-us Tue, 03 Apr 2018 00:00:00 +0530 Sun, 05 Jul 2020 15:18:57 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=288910 The Tribunal granted an extension of time for the resolution process under the Insolvency & Bankruptcy Code, 2016, allowing the Resolution Professional to continue managing the process beyond the initial 180-day period. Despite challenges and objections raised by the promoter-director and another objector, the Tribunal dismissed these objections, upholding the RP's application for extension. The Tribunal emphasized the importance of continuing the resolution process in the corporate debtor's best interest, rejecting claims that the process had become ineffective due to the extended timeline. Case-Laws Insolvency and Bankruptcy Tue, 03 Apr 2018 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=288910