https://www.taxtmi.com/caselaws?id=399294 The Adjudicating Authority allowed the exclusion of 102 days from the Corporate Insolvency Resolution Process (CIRP) timeline due to disputes over voting share among Committee of Creditors (CoC) members. The exclusion was granted under section 12(2) of the Insolvency and Bankruptcy Code, 2016, to prevent potential liquidation and ensure timely resolution of the insolvency proceedings. Failure to adhere to the revised timeline would result in commencement of liquidation proceedings, emphasizing the significance of timely resolution in insolvency cases. en-us Wed, 04 Mar 2020 00:00:00 +0530 Thu, 08 Oct 2020 11:43:38 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=399294 The Adjudicating Authority allowed the exclusion of 102 days from the Corporate Insolvency Resolution Process (CIRP) timeline due to disputes over voting share among Committee of Creditors (CoC) members. The exclusion was granted under section 12(2) of the Insolvency and Bankruptcy Code, 2016, to prevent potential liquidation and ensure timely resolution of the insolvency proceedings. Failure to adhere to the revised timeline would result in commencement of liquidation proceedings, emphasizing the significance of timely resolution in insolvency cases. Case-Laws Insolvency and Bankruptcy Wed, 04 Mar 2020 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=399294