https://www.taxtmi.com/caselaws?id=291857 The Tribunal allowed the application, directing the Resolution Professional to consider the Resolution Plan and present it to the Committee of Creditors (CoC). The CoC was granted 30 days to decide, with this period excluded from the Corporate Insolvency Resolution Process (CIRP) timeline. The Tribunal stressed the significance of striving for the insolvency resolution of the Corporate Debtor, considering the impact on employees and the company's potential for revival. en-us Tue, 21 May 2019 00:00:00 +0530 Fri, 27 Nov 2020 09:15:57 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=291857 The Tribunal allowed the application, directing the Resolution Professional to consider the Resolution Plan and present it to the Committee of Creditors (CoC). The CoC was granted 30 days to decide, with this period excluded from the Corporate Insolvency Resolution Process (CIRP) timeline. The Tribunal stressed the significance of striving for the insolvency resolution of the Corporate Debtor, considering the impact on employees and the company's potential for revival. Case-Laws Insolvency and Bankruptcy Tue, 21 May 2019 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=291857