https://www.taxtmi.com/caselaws?id=411037 The Tribunal clarified the extension of timelines, exclusion periods, and conditions regarding the forfeiture of investment by a financial creditor in a Corporate Insolvency Resolution Process. The decision retained the condition of forfeiture, set revised timelines, and confirmed the replacement of the Insolvency Resolution Professional. The judgment aimed to address the impact of Covid-19 on the resolution process while considering the interests of stakeholders, including homebuyers and financial creditors. The Application seeking clarification was disposed of without costs. en-us Fri, 13 Aug 2021 00:00:00 +0530 Mon, 16 Aug 2021 09:14:18 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=411037 The Tribunal clarified the extension of timelines, exclusion periods, and conditions regarding the forfeiture of investment by a financial creditor in a Corporate Insolvency Resolution Process. The decision retained the condition of forfeiture, set revised timelines, and confirmed the replacement of the Insolvency Resolution Professional. The judgment aimed to address the impact of Covid-19 on the resolution process while considering the interests of stakeholders, including homebuyers and financial creditors. The Application seeking clarification was disposed of without costs. Case-Laws Insolvency and Bankruptcy Fri, 13 Aug 2021 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=411037