https://www.taxtmi.com/caselaws?id=405136 The Tribunal dismissed the application TMA/42/KOB/2019 in CP/689/IB/2017 (C.B) on the grounds that it lacked jurisdiction to entertain avoidance applications post-approval of the Resolution Plan. The Resolution Professional's role does not extend beyond the Corporate Insolvency Resolution Process (CIRP) period. The application was filed before the Committee of Creditors approved the Resolution Plan but was not adjudicated before the plan's approval, leading to the dismissal of the application. en-us Mon, 01 Mar 2021 00:00:00 +0530 Thu, 11 Mar 2021 18:25:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=405136 The Tribunal dismissed the application TMA/42/KOB/2019 in CP/689/IB/2017 (C.B) on the grounds that it lacked jurisdiction to entertain avoidance applications post-approval of the Resolution Plan. The Resolution Professional's role does not extend beyond the Corporate Insolvency Resolution Process (CIRP) period. The application was filed before the Committee of Creditors approved the Resolution Plan but was not adjudicated before the plan's approval, leading to the dismissal of the application. Case-Laws Insolvency and Bankruptcy Mon, 01 Mar 2021 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=405136