https://www.taxtmi.com/caselaws?id=410421 The Tribunal held that the Resolution Applicant is liable to pay the principal amount due for the specified period of the bill during the Corporate Insolvency Resolution Process (CIRP) period, excluding interest components, as part of the Insolvency Resolution Process cost. The appeal was partially allowed with the modification that the Resolution Applicant must pay the principal amount for the CIRP period. The Tribunal emphasized compliance with the Insolvency and Bankruptcy Code, 2016, without deviation. Pending IAs were disposed of, and interim orders were vacated, with no costs issued. en-us Thu, 29 Jul 2021 00:00:00 +0530 Sat, 31 Jul 2021 09:50:58 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=410421 The Tribunal held that the Resolution Applicant is liable to pay the principal amount due for the specified period of the bill during the Corporate Insolvency Resolution Process (CIRP) period, excluding interest components, as part of the Insolvency Resolution Process cost. The appeal was partially allowed with the modification that the Resolution Applicant must pay the principal amount for the CIRP period. The Tribunal emphasized compliance with the Insolvency and Bankruptcy Code, 2016, without deviation. Pending IAs were disposed of, and interim orders were vacated, with no costs issued. Case-Laws Insolvency and Bankruptcy Thu, 29 Jul 2021 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=410421