https://www.taxtmi.com/caselaws?id=410016 The Tribunal upheld the Adjudicating Authority's decision to appoint a new Interim Resolution Professional/Resolution Professional under Rule 11 of the NCLT Rules, 2016, to resolve the deadlock between creditors and ensure progress in the Corporate Insolvency Resolution Process. The Tribunal found that the appointment was necessary to meet the ends of justice and facilitate the timely completion of the CIRP, dismissing the appeal and excluding the appeal period from the CIRP timeline. en-us Tue, 20 Jul 2021 00:00:00 +0530 Thu, 22 Jul 2021 08:58:14 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=410016 The Tribunal upheld the Adjudicating Authority's decision to appoint a new Interim Resolution Professional/Resolution Professional under Rule 11 of the NCLT Rules, 2016, to resolve the deadlock between creditors and ensure progress in the Corporate Insolvency Resolution Process. The Tribunal found that the appointment was necessary to meet the ends of justice and facilitate the timely completion of the CIRP, dismissing the appeal and excluding the appeal period from the CIRP timeline. Case-Laws Insolvency and Bankruptcy Tue, 20 Jul 2021 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=410016