https://www.taxtmi.com/caselaws?id=298974 The Tribunal granted an extension of 90 days to the Corporate Insolvency Resolution Process (CIRP) beyond the initial 180 days based on the Committee of Creditors' resolution. It directed the Resolution Professional to consider a claim within a specified timeframe, acknowledging precedents for condoning delays. The Tribunal dismissed an application challenging claim rejection, citing a precedent where claims were already admitted in a similar case. It emphasized that no duplicate claim would be maintainable for the same set of claims and default, making the application not maintainable. en-us Thu, 13 Jun 2019 00:00:00 +0530 Tue, 30 Nov 2021 08:29:55 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=298974 The Tribunal granted an extension of 90 days to the Corporate Insolvency Resolution Process (CIRP) beyond the initial 180 days based on the Committee of Creditors' resolution. It directed the Resolution Professional to consider a claim within a specified timeframe, acknowledging precedents for condoning delays. The Tribunal dismissed an application challenging claim rejection, citing a precedent where claims were already admitted in a similar case. It emphasized that no duplicate claim would be maintainable for the same set of claims and default, making the application not maintainable. Case-Laws Insolvency and Bankruptcy Thu, 13 Jun 2019 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=298974