https://www.taxtmi.com/caselaws?id=406781 The Adjudicating Authority granted an extension of the Corporate Insolvency Resolution Process (CIRP) period until a specified date in April 2021, considering delays, circumstances, and the need for additional time to conduct the CIRP effectively. The extension was based on the Applicant/RP's arguments regarding errors, criminal complaints, pending Resolution Plans, and the impact of the Covid-19 pandemic on CIR Process operations. The decision aligned with the provisions of the Insolvency and Bankruptcy Code, 2016, allowing for the necessary time for analysis and negotiations with Resolution Applicants. en-us Wed, 07 Apr 2021 00:00:00 +0530 Fri, 23 Apr 2021 21:03:42 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=406781 The Adjudicating Authority granted an extension of the Corporate Insolvency Resolution Process (CIRP) period until a specified date in April 2021, considering delays, circumstances, and the need for additional time to conduct the CIRP effectively. The extension was based on the Applicant/RP's arguments regarding errors, criminal complaints, pending Resolution Plans, and the impact of the Covid-19 pandemic on CIR Process operations. The decision aligned with the provisions of the Insolvency and Bankruptcy Code, 2016, allowing for the necessary time for analysis and negotiations with Resolution Applicants. Case-Laws Insolvency and Bankruptcy Wed, 07 Apr 2021 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=406781