https://www.taxtmi.com/caselaws?id=407692 The Corporate Insolvency Resolution Process (CIRP) of Shree Sai Rolling Mills (India) Pvt. Ltd. was dismissed due to significant delays exceeding the 330-day limit set by the Supreme Court. Mr. Anil Agarwal was discharged as the Interim Resolution Professional (IRP) following orders from the NCLAT. The IRP's request for reimbursement of CIRP costs was settled amicably between the parties. Procedural delays were highlighted, emphasizing the importance of adhering to statutory timelines under the Insolvency and Bankruptcy Code. The Tribunal stressed the need for timely resolution of insolvency cases and directed compliance with higher court orders. en-us Wed, 05 May 2021 00:00:00 +0530 Tue, 16 Nov 2021 14:24:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=407692 The Corporate Insolvency Resolution Process (CIRP) of Shree Sai Rolling Mills (India) Pvt. Ltd. was dismissed due to significant delays exceeding the 330-day limit set by the Supreme Court. Mr. Anil Agarwal was discharged as the Interim Resolution Professional (IRP) following orders from the NCLAT. The IRP's request for reimbursement of CIRP costs was settled amicably between the parties. Procedural delays were highlighted, emphasizing the importance of adhering to statutory timelines under the Insolvency and Bankruptcy Code. The Tribunal stressed the need for timely resolution of insolvency cases and directed compliance with higher court orders. Case-Laws Insolvency and Bankruptcy Wed, 05 May 2021 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=407692