https://www.taxtmi.com/caselaws?id=407834 The Tribunal granted the Resolution Professional's application for the exclusion of 60 days from the Corporate Insolvency Resolution Process (CIRP) under Section 12(3) of the Insolvency and Bankruptcy Code, 2016 due to the non-cooperation of the Corporate Debtor. This decision was made to prevent the imminent risk of liquidation and allow the CIRP to progress towards a resolution. The Tribunal exercised its inherent powers under Section 60 of the Code to ensure the timely and effective resolution of the Corporate Debtor's insolvency, emphasizing the need for swift proceedings in alignment with the objectives of the IBC, 2016. en-us Fri, 19 Mar 2021 00:00:00 +0530 Mon, 24 May 2021 08:36:03 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=407834 The Tribunal granted the Resolution Professional's application for the exclusion of 60 days from the Corporate Insolvency Resolution Process (CIRP) under Section 12(3) of the Insolvency and Bankruptcy Code, 2016 due to the non-cooperation of the Corporate Debtor. This decision was made to prevent the imminent risk of liquidation and allow the CIRP to progress towards a resolution. The Tribunal exercised its inherent powers under Section 60 of the Code to ensure the timely and effective resolution of the Corporate Debtor's insolvency, emphasizing the need for swift proceedings in alignment with the objectives of the IBC, 2016. Case-Laws Insolvency and Bankruptcy Fri, 19 Mar 2021 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=407834