https://www.taxtmi.com/caselaws?id=403060 The Tribunal rejected the Application for acceptance of the Resolution Plan and direction to the Committee of Creditors (CoC) due to unsatisfactory reasons for delay and failure to meet submission timelines. The Applicant's request for an extension of the Corporate Insolvency Resolution Process (CIRP) period was denied, as the lockdown period did not justify the delay. The Tribunal emphasized adherence to statutory timelines and promptly pursuing rights, ultimately rejecting the Application for lack of merit. en-us Fri, 07 Aug 2020 00:00:00 +0530 Mon, 18 Jan 2021 19:51:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=403060 The Tribunal rejected the Application for acceptance of the Resolution Plan and direction to the Committee of Creditors (CoC) due to unsatisfactory reasons for delay and failure to meet submission timelines. The Applicant's request for an extension of the Corporate Insolvency Resolution Process (CIRP) period was denied, as the lockdown period did not justify the delay. The Tribunal emphasized adherence to statutory timelines and promptly pursuing rights, ultimately rejecting the Application for lack of merit. Case-Laws Insolvency and Bankruptcy Fri, 07 Aug 2020 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=403060