https://www.taxtmi.com/caselaws?id=296604 The Corporate Insolvency Resolution Process was extended because the resolution applicant could not effectively carry out resolution functions when the corporate debtor had no accessible registered office, staff had left, records had not been handed over, and cooperation from erstwhile promoters and auditors was not forthcoming. The Committee of Creditors, holding the full voting share, nevertheless considered that the debtor could still be taken towards successful resolution and authorised the extension request. On that basis, continuation of the process was treated as necessary to complete the resolution exercise, and the extension was allowed for a further 60 days. en-us Wed, 26 Feb 2020 00:00:00 +0530 Fri, 30 Jul 2021 09:07:19 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=296604 The Corporate Insolvency Resolution Process was extended because the resolution applicant could not effectively carry out resolution functions when the corporate debtor had no accessible registered office, staff had left, records had not been handed over, and cooperation from erstwhile promoters and auditors was not forthcoming. The Committee of Creditors, holding the full voting share, nevertheless considered that the debtor could still be taken towards successful resolution and authorised the extension request. On that basis, continuation of the process was treated as necessary to complete the resolution exercise, and the extension was allowed for a further 60 days. Case-Laws Companies Law Wed, 26 Feb 2020 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=296604