https://www.taxtmi.com/caselaws?id=407336 The Appellate Tribunal dismissed the Appeals, upholding the Adjudicating Authority's decision to exclude the period from 5 May 2020 to 31 October 2020 from the Corporate Insolvency Resolution Process (CIRP). The Tribunal emphasized the commercial wisdom of the Committee of Creditors (CoC) and the limited scope for judicial review of such decisions. The Tribunal found no merit in the Appellant's contentions regarding the Resolution Professional's alleged violations and the interests of stakeholders. The decision of the CoC was deemed not justiciable, and the exclusion of the period was upheld as necessary and appropriate under the circumstances. en-us Wed, 05 May 2021 00:00:00 +0530 Sat, 20 Nov 2021 12:12:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=407336 The Appellate Tribunal dismissed the Appeals, upholding the Adjudicating Authority's decision to exclude the period from 5 May 2020 to 31 October 2020 from the Corporate Insolvency Resolution Process (CIRP). The Tribunal emphasized the commercial wisdom of the Committee of Creditors (CoC) and the limited scope for judicial review of such decisions. The Tribunal found no merit in the Appellant's contentions regarding the Resolution Professional's alleged violations and the interests of stakeholders. The decision of the CoC was deemed not justiciable, and the exclusion of the period was upheld as necessary and appropriate under the circumstances. Case-Laws Insolvency and Bankruptcy Wed, 05 May 2021 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=407336