https://www.taxtmi.com/caselaws?id=412861 The Tribunal upheld the Adjudicating Authority's decision to exclude a 146-day period in the Corporate Insolvency Resolution Process (CIRP), finding it aligned with the temporary stay granted by the Hon'ble NCLAT on constituting the Committee of Creditors (CoC) for settlement discussions. The Tribunal determined that subsequent directions allowing CoC constitution indicated the end of the stay period, justifying the exclusion. The appeal challenging the exclusion was dismissed without costs, emphasizing the lawful interpretation of the NCLAT's orders and the temporary nature of the stay on CoC formation. en-us Thu, 23 Sep 2021 00:00:00 +0530 Wed, 29 Sep 2021 11:03:40 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=412861 The Tribunal upheld the Adjudicating Authority's decision to exclude a 146-day period in the Corporate Insolvency Resolution Process (CIRP), finding it aligned with the temporary stay granted by the Hon'ble NCLAT on constituting the Committee of Creditors (CoC) for settlement discussions. The Tribunal determined that subsequent directions allowing CoC constitution indicated the end of the stay period, justifying the exclusion. The appeal challenging the exclusion was dismissed without costs, emphasizing the lawful interpretation of the NCLAT's orders and the temporary nature of the stay on CoC formation. Case-Laws Insolvency and Bankruptcy Thu, 23 Sep 2021 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=412861