https://www.taxtmi.com/caselaws?id=412414 The Tribunal allowed the exclusion of 55 days from the Corporate Insolvency Resolution Process (CIRP) timeline due to litigations and interim orders. The Interim Resolution Professional (IRP) obtained approval from the Committee of Creditors (CoC) for the exclusion request, citing the impact of Covid-19 lockdowns and legal challenges. The Tribunal directed the IRP to complete the CIRP within 180 days and find a viable resolution plan promptly. The National Company Law Appellate Tribunal (NCLAT) dismissed the appeal by the suspended Board, upholding the exclusion of days from the CIRP timeline. en-us Thu, 09 Sep 2021 00:00:00 +0530 Fri, 17 Sep 2021 09:21:39 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=412414 The Tribunal allowed the exclusion of 55 days from the Corporate Insolvency Resolution Process (CIRP) timeline due to litigations and interim orders. The Interim Resolution Professional (IRP) obtained approval from the Committee of Creditors (CoC) for the exclusion request, citing the impact of Covid-19 lockdowns and legal challenges. The Tribunal directed the IRP to complete the CIRP within 180 days and find a viable resolution plan promptly. The National Company Law Appellate Tribunal (NCLAT) dismissed the appeal by the suspended Board, upholding the exclusion of days from the CIRP timeline. Case-Laws Insolvency and Bankruptcy Thu, 09 Sep 2021 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=412414