https://www.taxtmi.com/caselaws?id=291501 The Supreme Court upheld the dismissal of the appeal by the National Company Law Appellate Tribunal (NCLAT) in a case involving the application under Section 7 of the Insolvency and Bankruptcy Code. The Court allowed the exclusion of days from the Corporate Insolvency Resolution Process (CIRP) period to expedite the resolution process, approved the replacement of the Resolution Professional, and emphasized the importance of balancing timely resolution completion and preventing liquidation of the Corporate Debtor. The judgment focused on ensuring a prompt resolution process while safeguarding the interests of stakeholders and avoiding liquidation. en-us Mon, 08 Jul 2019 00:00:00 +0530 Fri, 13 Nov 2020 06:51:49 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=291501 The Supreme Court upheld the dismissal of the appeal by the National Company Law Appellate Tribunal (NCLAT) in a case involving the application under Section 7 of the Insolvency and Bankruptcy Code. The Court allowed the exclusion of days from the Corporate Insolvency Resolution Process (CIRP) period to expedite the resolution process, approved the replacement of the Resolution Professional, and emphasized the importance of balancing timely resolution completion and preventing liquidation of the Corporate Debtor. The judgment focused on ensuring a prompt resolution process while safeguarding the interests of stakeholders and avoiding liquidation. Case-Laws Companies Law Mon, 08 Jul 2019 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=291501