https://www.taxtmi.com/caselaws?id=405427 The Tribunal dismissed all applications, emphasizing the importance of adhering to prescribed timelines in the Corporate Insolvency Resolution Process (CIRP) and rejecting belated revised claims. Additionally, the request to transfer possession and rights of the Colaba property to a law firm was denied, as the firm was deemed unrelated to the proceedings and attempting to acquire the property under false pretenses. The resolution professional was directed to distribute Rs. 11,00,000 equally among employees/workers, as per the resolution applicant's agreement. en-us Tue, 01 Sep 2020 00:00:00 +0530 Sat, 20 Mar 2021 08:45:49 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=405427 The Tribunal dismissed all applications, emphasizing the importance of adhering to prescribed timelines in the Corporate Insolvency Resolution Process (CIRP) and rejecting belated revised claims. Additionally, the request to transfer possession and rights of the Colaba property to a law firm was denied, as the firm was deemed unrelated to the proceedings and attempting to acquire the property under false pretenses. The resolution professional was directed to distribute Rs. 11,00,000 equally among employees/workers, as per the resolution applicant's agreement. Case-Laws Insolvency and Bankruptcy Tue, 01 Sep 2020 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=405427