https://www.taxtmi.com/caselaws?id=400872 The Appellate Tribunal upheld the restoration of the company's name in the register for the Corporate Insolvency Resolution Process but set aside the waiver of fees/penalty. The appeal was allowed within the limitation period, emphasizing that there is no provision for fee/penalty waivers under the Companies Act, 2013. The Tribunal's jurisdiction to restore the company's name was confirmed, while its authority to waive statutory fees was denied. The Interim Resolution Professional's filing of the restoration petition was deemed valid for the CIRP's effective completion. en-us Thu, 19 Nov 2020 00:00:00 +0530 Mon, 04 Jan 2021 13:55:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=400872 The Appellate Tribunal upheld the restoration of the company's name in the register for the Corporate Insolvency Resolution Process but set aside the waiver of fees/penalty. The appeal was allowed within the limitation period, emphasizing that there is no provision for fee/penalty waivers under the Companies Act, 2013. The Tribunal's jurisdiction to restore the company's name was confirmed, while its authority to waive statutory fees was denied. The Interim Resolution Professional's filing of the restoration petition was deemed valid for the CIRP's effective completion. Case-Laws Insolvency and Bankruptcy Thu, 19 Nov 2020 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=400872