https://www.taxtmi.com/caselaws?id=414401 The Tribunal granted an extension of 90 days to the Corporate Insolvency Resolution Process (CIRP) period beyond the initial 180 days, based on the approval of the Resolution by the Committee of Creditors (CoC) and the decision on liquidation. Respondents were directed to cooperate with the Resolution Professional despite their non-appearance at the hearing. An amendment to the relief sought against specific respondents was initially allowed but later recalled. The petitioner in the liquidation petition was instructed to submit audited financials for FYs 2019-20 and 2020-21, with discussions on the company's financial status and future options. en-us Wed, 06 Oct 2021 00:00:00 +0530 Mon, 08 Nov 2021 06:59:48 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=414401 The Tribunal granted an extension of 90 days to the Corporate Insolvency Resolution Process (CIRP) period beyond the initial 180 days, based on the approval of the Resolution by the Committee of Creditors (CoC) and the decision on liquidation. Respondents were directed to cooperate with the Resolution Professional despite their non-appearance at the hearing. An amendment to the relief sought against specific respondents was initially allowed but later recalled. The petitioner in the liquidation petition was instructed to submit audited financials for FYs 2019-20 and 2020-21, with discussions on the company's financial status and future options. Case-Laws Insolvency and Bankruptcy Wed, 06 Oct 2021 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=414401