https://www.taxtmi.com/caselaws?id=406028 The Appellate Tribunal allowed the consolidation of the Corporate Insolvency Resolution Processes (CIRPs) for two companies based on meeting the parameters for consolidation, despite objections from Financial Creditors. The Tribunal emphasized the benefits of consolidation in achieving the objectives of the Insolvency and Bankruptcy Code. It directed the appointment of a single Resolution Professional/Liquidator for the consolidated CIRP, setting aside the initial rejection of consolidation without awarding costs. en-us Fri, 26 Mar 2021 00:00:00 +0530 Sat, 03 Apr 2021 13:29:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=406028 The Appellate Tribunal allowed the consolidation of the Corporate Insolvency Resolution Processes (CIRPs) for two companies based on meeting the parameters for consolidation, despite objections from Financial Creditors. The Tribunal emphasized the benefits of consolidation in achieving the objectives of the Insolvency and Bankruptcy Code. It directed the appointment of a single Resolution Professional/Liquidator for the consolidated CIRP, setting aside the initial rejection of consolidation without awarding costs. Case-Laws Insolvency and Bankruptcy Fri, 26 Mar 2021 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=406028