https://www.taxtmi.com/caselaws?id=403307 The Tribunal approved the extension of the Corporate Insolvency Resolution Process (CIRP) period by 90 days due to delays caused by lockdown and procedural issues. The Resolution Professional was directed to finalize the accounts with available records and audit the remaining period. The Tribunal accepted the decision not to conduct a forensic audit due to practical challenges. The Home Buyers' Association was permitted to submit a Resolution Plan for consideration by the Committee of Creditors, in accordance with relevant sections of the Insolvency and Bankruptcy Code. en-us Tue, 19 Jan 2021 00:00:00 +0530 Mon, 25 Jan 2021 10:50:11 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=403307 The Tribunal approved the extension of the Corporate Insolvency Resolution Process (CIRP) period by 90 days due to delays caused by lockdown and procedural issues. The Resolution Professional was directed to finalize the accounts with available records and audit the remaining period. The Tribunal accepted the decision not to conduct a forensic audit due to practical challenges. The Home Buyers' Association was permitted to submit a Resolution Plan for consideration by the Committee of Creditors, in accordance with relevant sections of the Insolvency and Bankruptcy Code. Case-Laws Insolvency and Bankruptcy Tue, 19 Jan 2021 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=403307