https://www.taxtmi.com/caselaws?id=297530 The Tribunal allowed the suspended management, an MSME, to submit a feasible Resolution Plan by 01.03.2021. The Resolution Professional will present the plan to the Committee of Creditors for review. Both the current Resolution Applicant and the suspended management will receive the same information for consideration. The Committee of Creditors can negotiate with both parties to select the most viable plan. A decision by the COC is required by 05.03.2021, with the RP submitting the report/plan by 08.03.2021. en-us Wed, 10 Feb 2021 00:00:00 +0530 Wed, 08 Sep 2021 20:42:10 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=297530 The Tribunal allowed the suspended management, an MSME, to submit a feasible Resolution Plan by 01.03.2021. The Resolution Professional will present the plan to the Committee of Creditors for review. Both the current Resolution Applicant and the suspended management will receive the same information for consideration. The Committee of Creditors can negotiate with both parties to select the most viable plan. A decision by the COC is required by 05.03.2021, with the RP submitting the report/plan by 08.03.2021. Case-Laws Insolvency and Bankruptcy Wed, 10 Feb 2021 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=297530