https://www.taxtmi.com/caselaws?id=406781 The Tribunal extended the Corporate Insolvency Resolution Process period after finding sufficient cause on the record, including unanimous Committee of Creditors approval, pending resolution plans, time lost due to litigation concerning the resolution professional, and disruption during Covid-19. It held that, where the statutory scheme permits extension and the circumstances justify further time, the CIRP may be enlarged in exercise of jurisdiction. The extension was granted till 08.04.2021. 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 Tribunal extended the Corporate Insolvency Resolution Process period after finding sufficient cause on the record, including unanimous Committee of Creditors approval, pending resolution plans, time lost due to litigation concerning the resolution professional, and disruption during Covid-19. It held that, where the statutory scheme permits extension and the circumstances justify further time, the CIRP may be enlarged in exercise of jurisdiction. The extension was granted till 08.04.2021. Case-Laws Insolvency and Bankruptcy Wed, 07 Apr 2021 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=406781