https://www.taxtmi.com/caselaws?id=296605 The court addressed the stalemate in the appointment of the Resolution Professional (RP) due to pending applications by Unsecured Financial Creditors, the expiry of the Corporate Insolvency Resolution Process (CIRP) period, and the request for a Committee of Creditors (CoC) meeting for RP appointment. Emphasizing the need to prevent delays and ensure the effective resolution of insolvency proceedings, the judge expedited the decision-making process in the interest of justice to uphold the objectives of the Insolvency and Bankruptcy Code (IBC). en-us Fri, 10 Jul 2020 00:00:00 +0530 Fri, 30 Jul 2021 09:07:19 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=296605 The court addressed the stalemate in the appointment of the Resolution Professional (RP) due to pending applications by Unsecured Financial Creditors, the expiry of the Corporate Insolvency Resolution Process (CIRP) period, and the request for a Committee of Creditors (CoC) meeting for RP appointment. Emphasizing the need to prevent delays and ensure the effective resolution of insolvency proceedings, the judge expedited the decision-making process in the interest of justice to uphold the objectives of the Insolvency and Bankruptcy Code (IBC). Case-Laws Insolvency and Bankruptcy Fri, 10 Jul 2020 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=296605