https://www.taxtmi.com/caselaws?id=289725 The Tribunal allowed the successful Resolution Applicant to withdraw the resolution plan, citing various reasons for withdrawal. The Doctrine of Constructive Res Judicata was deemed inapplicable as the issue had not been previously adjudicated. The Tribunal acknowledged the potential impact on the Corporate Insolvency Resolution Process (CIRP) but emphasized the importance of maintaining the corporate debtor as a going concern. The CIRP period was extended, and the applicant was directed to bear costs associated with the withdrawal. 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 The Tribunal allowed the successful Resolution Applicant to withdraw the resolution plan, citing various reasons for withdrawal. The Doctrine of Constructive Res Judicata was deemed inapplicable as the issue had not been previously adjudicated. The Tribunal acknowledged the potential impact on the Corporate Insolvency Resolution Process (CIRP) but emphasized the importance of maintaining the corporate debtor as a going concern. The CIRP period was extended, and the applicant was directed to bear costs associated with the withdrawal. Case-Laws Insolvency and Bankruptcy Thu, 02 Jan 2020 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=289725