https://www.taxtmi.com/caselaws?id=291266 The Tribunal extended the Corporate Insolvency Resolution (CIR) Process period by three weeks to allow the Committee of Creditors to consider a revised Resolution Plan with an increased offer value. Emphasizing the importance of not disregarding viable plans due to time constraints, the Tribunal directed the Resolution Professional to convene a meeting and file a Status Report. The decision aimed to balance time constraints with creditors' interests, ensuring thorough consideration of Resolution Plans under the Insolvency and Bankruptcy Code, 2016. en-us Thu, 14 Nov 2019 00:00:00 +0530 Tue, 03 Nov 2020 18:02:55 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=291266 The Tribunal extended the Corporate Insolvency Resolution (CIR) Process period by three weeks to allow the Committee of Creditors to consider a revised Resolution Plan with an increased offer value. Emphasizing the importance of not disregarding viable plans due to time constraints, the Tribunal directed the Resolution Professional to convene a meeting and file a Status Report. The decision aimed to balance time constraints with creditors' interests, ensuring thorough consideration of Resolution Plans under the Insolvency and Bankruptcy Code, 2016. Case-Laws Companies Law Thu, 14 Nov 2019 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=291266