https://www.taxtmi.com/caselaws?id=402513 The Tribunal approved the exclusion of an additional 54 days from the Corporate Insolvency Resolution Process (CIRP) period, citing procedural delays and circumstances beyond the Resolution Professional's control. This decision, in line with the Essar Steel case guidance, aims to facilitate the completion of the CIRP and avoid liquidation. The Tribunal also supported the consideration of the new Resolution Plan submitted by M/s. Earthin Projects Ltd, emphasizing the importance of reviving the Corporate Debtor and maximizing value for stakeholders, particularly amid the economic impact of the COVID-19 pandemic. en-us Wed, 01 Jul 2020 00:00:00 +0530 Tue, 05 Jan 2021 15:30:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=402513 The Tribunal approved the exclusion of an additional 54 days from the Corporate Insolvency Resolution Process (CIRP) period, citing procedural delays and circumstances beyond the Resolution Professional's control. This decision, in line with the Essar Steel case guidance, aims to facilitate the completion of the CIRP and avoid liquidation. The Tribunal also supported the consideration of the new Resolution Plan submitted by M/s. Earthin Projects Ltd, emphasizing the importance of reviving the Corporate Debtor and maximizing value for stakeholders, particularly amid the economic impact of the COVID-19 pandemic. Case-Laws Insolvency and Bankruptcy Wed, 01 Jul 2020 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=402513