https://www.taxtmi.com/caselaws?id=404953 The Court dismissed the Civil Appeal due to the appellant's persistent non-compliance with the Resolution Plan terms, leading to liquidation. Despite multiple opportunities, the appellant failed to raise funds within the specified timeframe, resulting in the forfeiture of the deposited amount and management reverting to the liquidator as per law. The judgment emphasized the importance of timely compliance in insolvency proceedings and the repercussions of non-compliance with Resolution Plan terms. en-us Mon, 01 Mar 2021 00:00:00 +0530 Mon, 15 Nov 2021 11:42:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=404953 The Court dismissed the Civil Appeal due to the appellant's persistent non-compliance with the Resolution Plan terms, leading to liquidation. Despite multiple opportunities, the appellant failed to raise funds within the specified timeframe, resulting in the forfeiture of the deposited amount and management reverting to the liquidator as per law. The judgment emphasized the importance of timely compliance in insolvency proceedings and the repercussions of non-compliance with Resolution Plan terms. Case-Laws Insolvency and Bankruptcy Mon, 01 Mar 2021 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=404953