https://www.taxtmi.com/caselaws?id=407135 The Tribunal dismissed the delay condonation application for the main application seeking to investigate the Resolution Professional's conduct and declare the Corporate Insolvency Resolution Process (CIRP) null and void. The Applicants failed to provide sufficient reasons for the delay in filing the main Application, and their invocation of Section 87 of the Insolvency and Bankruptcy Code (IBC) was deemed unsustainable. Despite the successful implementation of the Resolution Plan by M/s. Hi-tech Bio Products Pvt. Ltd., the Applicants' failure to submit necessary documents and plans led to rejection by the Committee of Creditors (CoC) under Section 29(A) of the IBC. en-us Mon, 12 Apr 2021 00:00:00 +0530 Sat, 01 May 2021 09:30:06 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=407135 The Tribunal dismissed the delay condonation application for the main application seeking to investigate the Resolution Professional's conduct and declare the Corporate Insolvency Resolution Process (CIRP) null and void. The Applicants failed to provide sufficient reasons for the delay in filing the main Application, and their invocation of Section 87 of the Insolvency and Bankruptcy Code (IBC) was deemed unsustainable. Despite the successful implementation of the Resolution Plan by M/s. Hi-tech Bio Products Pvt. Ltd., the Applicants' failure to submit necessary documents and plans led to rejection by the Committee of Creditors (CoC) under Section 29(A) of the IBC. Case-Laws Insolvency and Bankruptcy Mon, 12 Apr 2021 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=407135