https://www.taxtmi.com/caselaws?id=404841 The Tribunal allowed the application seeking an extension of timelines, providing a revised schedule for the completion of the project. It emphasized the need for cooperation among all stakeholders to ensure the project's completion and mitigate the hardships caused by the pandemic. The Tribunal reiterated that non-compliance with the extended timelines would result in the forfeiture of the promoter's investments and the completion of the insolvency resolution process by the Adjudicating Authority. The Tribunal extended the timelines as proposed, with specific dates for the completion of various project milestones and financial contributions. en-us Thu, 04 Mar 2021 00:00:00 +0530 Fri, 05 Mar 2021 09:40:20 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=404841 The Tribunal allowed the application seeking an extension of timelines, providing a revised schedule for the completion of the project. It emphasized the need for cooperation among all stakeholders to ensure the project's completion and mitigate the hardships caused by the pandemic. The Tribunal reiterated that non-compliance with the extended timelines would result in the forfeiture of the promoter's investments and the completion of the insolvency resolution process by the Adjudicating Authority. The Tribunal extended the timelines as proposed, with specific dates for the completion of various project milestones and financial contributions. Case-Laws Insolvency and Bankruptcy Thu, 04 Mar 2021 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=404841