https://www.taxtmi.com/caselaws?id=398394 The Tribunal rejected the Applicant's plea to reflect a total liability of &8377; 87,03,60,530/- for Operational Creditors, as it was not in line with the facts of the case. However, considering the exceptional circumstances due to the Covid-19 pandemic and the difficulties in fund disbursement, the Tribunal allowed the Applicant's request for a 90-day extension to arrange funds and granted time until 26 November 2020 for making payments as per the approved Resolution Plan. The Tribunal partially allowed the Application, recognizing the challenges faced by the Applicant in arranging funds amidst the Covid-19 impact. en-us Mon, 07 Sep 2020 00:00:00 +0530 Sat, 30 Jan 2021 18:07:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=398394 The Tribunal rejected the Applicant's plea to reflect a total liability of &8377; 87,03,60,530/- for Operational Creditors, as it was not in line with the facts of the case. However, considering the exceptional circumstances due to the Covid-19 pandemic and the difficulties in fund disbursement, the Tribunal allowed the Applicant's request for a 90-day extension to arrange funds and granted time until 26 November 2020 for making payments as per the approved Resolution Plan. The Tribunal partially allowed the Application, recognizing the challenges faced by the Applicant in arranging funds amidst the Covid-19 impact. Case-Laws Insolvency and Bankruptcy Mon, 07 Sep 2020 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=398394