https://www.taxtmi.com/caselaws?id=298979 The Tribunal allowed the Operational Creditor's application to recall orders and restore the impugned order, dismissing the appeal by the Corporate Debtor. Despite the Corporate Debtor's plea for an extension to clear dues, the Tribunal found no compelling reason due to defaults in payments and lack of commitment. The original order was restored, directing the IRP to continue with the Corporate Insolvency Resolution Process from before the appeal. The contempt case filed by the IRP was disposed of following the order recalling the prior decision. en-us Mon, 28 Sep 2020 00:00:00 +0530 Tue, 30 Nov 2021 08:29:55 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=298979 The Tribunal allowed the Operational Creditor's application to recall orders and restore the impugned order, dismissing the appeal by the Corporate Debtor. Despite the Corporate Debtor's plea for an extension to clear dues, the Tribunal found no compelling reason due to defaults in payments and lack of commitment. The original order was restored, directing the IRP to continue with the Corporate Insolvency Resolution Process from before the appeal. The contempt case filed by the IRP was disposed of following the order recalling the prior decision. Case-Laws Companies Law Mon, 28 Sep 2020 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=298979