https://www.taxtmi.com/caselaws?id=409652 The Tribunal granted the suspended directors of the Corporate Debtor Company 30 days to clear debts and restructure the company, exercising discretionary power under Rule 11 of the NCLT Rules. Emphasizing the importance of timely compliance, the Tribunal warned of no further extensions and highlighted the need for adherence to legal procedures in insolvency proceedings. en-us Mon, 28 Jun 2021 00:00:00 +0530 Wed, 14 Jul 2021 06:26:37 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=409652 The Tribunal granted the suspended directors of the Corporate Debtor Company 30 days to clear debts and restructure the company, exercising discretionary power under Rule 11 of the NCLT Rules. Emphasizing the importance of timely compliance, the Tribunal warned of no further extensions and highlighted the need for adherence to legal procedures in insolvency proceedings. Case-Laws Insolvency and Bankruptcy Mon, 28 Jun 2021 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=409652