https://www.taxtmi.com/caselaws?id=399289 Time could be excluded from the CIRP period where litigation, suspended management non-cooperation, pending interlocutory matters, and delay in appointing the resolution professional had materially slowed progress. The application relied on Section 12(2) of the Insolvency and Bankruptcy Code, the Tribunal's residual powers, and the CIRP Regulations and Rules, with the delay traced to a stay on constitution of the Committee of Creditors, unresolved applications affecting early CoC meetings, and remaining work such as special audit and evaluation of expressions of interest. In these circumstances, the Tribunal found limited exclusion necessary to allow completion of the resolution process within a workable period and granted exclusion of 60 days. en-us Wed, 05 Feb 2020 00:00:00 +0530 Thu, 08 Oct 2020 11:43:14 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=399289 Time could be excluded from the CIRP period where litigation, suspended management non-cooperation, pending interlocutory matters, and delay in appointing the resolution professional had materially slowed progress. The application relied on Section 12(2) of the Insolvency and Bankruptcy Code, the Tribunal's residual powers, and the CIRP Regulations and Rules, with the delay traced to a stay on constitution of the Committee of Creditors, unresolved applications affecting early CoC meetings, and remaining work such as special audit and evaluation of expressions of interest. In these circumstances, the Tribunal found limited exclusion necessary to allow completion of the resolution process within a workable period and granted exclusion of 60 days. Case-Laws Insolvency and Bankruptcy Wed, 05 Feb 2020 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=399289