https://www.taxtmi.com/caselaws?id=296606 The Tribunal appointed Mr. Kiran Shah as the new Interim Resolution Professional/Resolution Professional to address the deadlock in the Committee of Creditors' constitution. This decision aimed to expedite the Corporate Insolvency Resolution Process, uphold the time-bound nature mandated by the Insolvency and Bankruptcy Code, and resolve conflicts related to creditor classification and voting rights within the CoC. The Tribunal utilized its power under Rule 11 of the NCLT Rules 2016 to break the stalemate and ensure the efficient progress of the insolvency proceedings. en-us Tue, 28 Jul 2020 00:00:00 +0530 Fri, 30 Jul 2021 09:07:19 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=296606 The Tribunal appointed Mr. Kiran Shah as the new Interim Resolution Professional/Resolution Professional to address the deadlock in the Committee of Creditors' constitution. This decision aimed to expedite the Corporate Insolvency Resolution Process, uphold the time-bound nature mandated by the Insolvency and Bankruptcy Code, and resolve conflicts related to creditor classification and voting rights within the CoC. The Tribunal utilized its power under Rule 11 of the NCLT Rules 2016 to break the stalemate and ensure the efficient progress of the insolvency proceedings. Case-Laws Insolvency and Bankruptcy Tue, 28 Jul 2020 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=296606