https://www.taxtmi.com/article/detailed?id=10091 The document explains that termination of corporate insolvency resolution process is appropriate where the Committee of Creditors or sole creditor fails to pursue or actively participates in the process, noting that tribunals have used their statutory and inherent powers to terminate CIRP, direct procedural measures (including cooperation from ex directors and inspections), impose costs, and initiate show cause proceedings against creditors who used the process maliciously rather than for resolution. en-us Mon, 29 Nov 2021 10:43:57 +0530 Mon, 29 Nov 2021 10:43:57 +0530 TaxTMI RSS Generator https://www.taxtmi.com/article/detailed?id=10091 The document explains that termination of corporate insolvency resolution process is appropriate where the Committee of Creditors or sole creditor fails to pursue or actively participates in the process, noting that tribunals have used their statutory and inherent powers to terminate CIRP, direct procedural measures (including cooperation from ex directors and inspections), impose costs, and initiate show cause proceedings against creditors who used the process maliciously rather than for resolution. Articles Corporate Laws / IBC / SEBI Mon, 29 Nov 2021 10:43:57 +0530 https://www.taxtmi.com/article/detailed?id=10091