https://www.taxtmi.com/caselaws?id=412399 The Tribunal rejected the Resolution Professional's application seeking exclusion of time under Section 60(5) for opinion formation, emphasizing RP's independent duty. Non-cooperation of Corporate Debtor personnel in providing essential details was criticized, with the RP urged to take control of assets and documents diligently. The Tribunal stressed RP's obligation to actively discharge duties and criticized the lack of seriousness. While acknowledging Adjudicating Authority's discretion to extend CIRP time, the Tribunal found RP's grounds lacking merit and rejected the application, directing further examination by IBBI. en-us Tue, 03 Aug 2021 00:00:00 +0530 Fri, 17 Sep 2021 09:20:54 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=412399 The Tribunal rejected the Resolution Professional's application seeking exclusion of time under Section 60(5) for opinion formation, emphasizing RP's independent duty. Non-cooperation of Corporate Debtor personnel in providing essential details was criticized, with the RP urged to take control of assets and documents diligently. The Tribunal stressed RP's obligation to actively discharge duties and criticized the lack of seriousness. While acknowledging Adjudicating Authority's discretion to extend CIRP time, the Tribunal found RP's grounds lacking merit and rejected the application, directing further examination by IBBI. Case-Laws Insolvency and Bankruptcy Tue, 03 Aug 2021 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=412399