https://www.taxtmi.com/caselaws?id=293806 The Tribunal ordered the consolidation of Corporate Insolvency Resolution Processes (CIRP) for 13 Videocon Group Companies, excluding two entities. The consolidation aimed to maximize asset value and ensure a comprehensive resolution plan, benefiting stakeholders. Various objections were addressed, with some entities excluded from consolidation. Interim Resolution Professionals were appointed for the consolidated and non-consolidated entities to facilitate the CIRP process. The Tribunal excluded the period from petition admission to consolidation order from the 180-day CIRP timeline, directing completion within the revised timeframe. en-us Thu, 08 Aug 2019 00:00:00 +0530 Thu, 04 Mar 2021 08:23:32 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=293806 The Tribunal ordered the consolidation of Corporate Insolvency Resolution Processes (CIRP) for 13 Videocon Group Companies, excluding two entities. The consolidation aimed to maximize asset value and ensure a comprehensive resolution plan, benefiting stakeholders. Various objections were addressed, with some entities excluded from consolidation. Interim Resolution Professionals were appointed for the consolidated and non-consolidated entities to facilitate the CIRP process. The Tribunal excluded the period from petition admission to consolidation order from the 180-day CIRP timeline, directing completion within the revised timeframe. Case-Laws Insolvency and Bankruptcy Thu, 08 Aug 2019 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=293806