https://www.taxtmi.com/caselaws?id=408706 The Tribunal allowed the application under Section 60(5) of the Insolvency and Bankruptcy Code, excluding 140 days from the Corporate Insolvency Resolution Process (CIRP) period of the Corporate Debtor. The exclusion encompassed the lockdown period and the period due to the Interim Order passed by the Supreme Court. The judgment emphasizes the procedural aspects of CIRP, Resolution Professional's role, Committee of Creditors Meetings, stakeholder challenges, and authority's power to grant extensions. This decision showcases the legal framework's flexibility in addressing unforeseen delays and challenges in insolvency proceedings. en-us Wed, 09 Jun 2021 00:00:00 +0530 Sat, 19 Jun 2021 10:18:37 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=408706 The Tribunal allowed the application under Section 60(5) of the Insolvency and Bankruptcy Code, excluding 140 days from the Corporate Insolvency Resolution Process (CIRP) period of the Corporate Debtor. The exclusion encompassed the lockdown period and the period due to the Interim Order passed by the Supreme Court. The judgment emphasizes the procedural aspects of CIRP, Resolution Professional's role, Committee of Creditors Meetings, stakeholder challenges, and authority's power to grant extensions. This decision showcases the legal framework's flexibility in addressing unforeseen delays and challenges in insolvency proceedings. Case-Laws Insolvency and Bankruptcy Wed, 09 Jun 2021 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=408706