https://www.taxtmi.com/caselaws?id=291058 The Tribunal granted a 45-day extension for the completion of the Corporate Insolvency Resolution Process (CIRP) due to exceptional circumstances, allowing for further time beyond the mandated 330 days. The decision was based on the need to consider stakeholders' interests and the potential success of the submitted Resolution Plan in resolving the Corporate Debtor's insolvency. The Resolution Professional and Committee of Creditors were instructed to expedite the decision-making process, emphasizing the importance of timely resolution in insolvency proceedings. en-us Wed, 20 Nov 2019 00:00:00 +0530 Tue, 27 Oct 2020 10:28:26 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=291058 The Tribunal granted a 45-day extension for the completion of the Corporate Insolvency Resolution Process (CIRP) due to exceptional circumstances, allowing for further time beyond the mandated 330 days. The decision was based on the need to consider stakeholders' interests and the potential success of the submitted Resolution Plan in resolving the Corporate Debtor's insolvency. The Resolution Professional and Committee of Creditors were instructed to expedite the decision-making process, emphasizing the importance of timely resolution in insolvency proceedings. Case-Laws Insolvency and Bankruptcy Wed, 20 Nov 2019 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=291058