https://www.taxtmi.com/caselaws?id=404228 The Tribunal dismissed the application seeking a 90-day extension of the Corporate Insolvency Resolution Process (CIRP) due to the suspended directors' failure to attract a potential Resolution Applicant and the lack of support from the Committee of Creditors (CoC). The Tribunal emphasized adherence to the timelines prescribed under the Insolvency and Bankruptcy Code, 2016, and concluded that the extension request did not merit consideration. The application was dismissed, and the specific timelines for resolving the debt-ridden Corporate Debtor were upheld. en-us Fri, 12 Feb 2021 00:00:00 +0530 Fri, 19 Feb 2021 10:35:58 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=404228 The Tribunal dismissed the application seeking a 90-day extension of the Corporate Insolvency Resolution Process (CIRP) due to the suspended directors' failure to attract a potential Resolution Applicant and the lack of support from the Committee of Creditors (CoC). The Tribunal emphasized adherence to the timelines prescribed under the Insolvency and Bankruptcy Code, 2016, and concluded that the extension request did not merit consideration. The application was dismissed, and the specific timelines for resolving the debt-ridden Corporate Debtor were upheld. Case-Laws Insolvency and Bankruptcy Fri, 12 Feb 2021 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=404228