https://www.taxtmi.com/caselaws?id=289725 Constructive res judicata did not bar the withdrawal request because the earlier order had not consciously decided that issue on merits. A resolution applicant may be permitted to withdraw a resolution plan before approval under section 31 of the Insolvency and Bankruptcy Code, 2016, and an unwilling applicant should not be compelled to implement it where doing so would undermine the resolution process. The insolvency resolution period was accordingly extended to complete the process within the permissible framework, with costs also directed. en-us Thu, 02 Jan 2020 00:00:00 +0530 Mon, 17 Aug 2020 22:37:51 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=289725 Constructive res judicata did not bar the withdrawal request because the earlier order had not consciously decided that issue on merits. A resolution applicant may be permitted to withdraw a resolution plan before approval under section 31 of the Insolvency and Bankruptcy Code, 2016, and an unwilling applicant should not be compelled to implement it where doing so would undermine the resolution process. The insolvency resolution period was accordingly extended to complete the process within the permissible framework, with costs also directed. Case-Laws Insolvency and Bankruptcy Thu, 02 Jan 2020 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=289725