https://www.taxtmi.com/caselaws?id=398776 The Tribunal granted the Respondent, a renewable energy developer, an additional 60 days to settle a financial debt of Rs. 2,59,47,000 with the Petitioner under Section 7 of the Insolvency and Bankruptcy Code, 2016. Despite acknowledging the debt and default, the Tribunal considered the Respondent's financial stability, the impact of the COVID-19 pandemic, and the need to support businesses facing distress. The judgment aimed to strike a balance between the parties' interests, emphasizing fair treatment and adherence to the principles of the Insolvency and Bankruptcy Code. en-us Fri, 26 Jun 2020 00:00:00 +0530 Thu, 24 Sep 2020 09:55:46 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=398776 The Tribunal granted the Respondent, a renewable energy developer, an additional 60 days to settle a financial debt of Rs. 2,59,47,000 with the Petitioner under Section 7 of the Insolvency and Bankruptcy Code, 2016. Despite acknowledging the debt and default, the Tribunal considered the Respondent's financial stability, the impact of the COVID-19 pandemic, and the need to support businesses facing distress. The judgment aimed to strike a balance between the parties' interests, emphasizing fair treatment and adherence to the principles of the Insolvency and Bankruptcy Code. Case-Laws Insolvency and Bankruptcy Fri, 26 Jun 2020 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=398776