https://www.taxtmi.com/caselaws?id=299288 The court condoned a 43-day delay in the submission of a Resolution Plan by the applicant, directing it to be considered by the Committee of Creditors. Additionally, a period of 52 days was excluded from the extension granted in the Corporate Insolvency Resolution Process for deliberation on a Resolution Plan. An application for liquidation was deemed premature and withdrawn, while notices were issued to respondents for further consideration. The judgment aimed to uphold legal procedures and timelines while safeguarding the interests of all parties involved in the insolvency resolution process. en-us Tue, 16 Mar 2021 00:00:00 +0530 Wed, 08 Dec 2021 19:50:03 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=299288 The court condoned a 43-day delay in the submission of a Resolution Plan by the applicant, directing it to be considered by the Committee of Creditors. Additionally, a period of 52 days was excluded from the extension granted in the Corporate Insolvency Resolution Process for deliberation on a Resolution Plan. An application for liquidation was deemed premature and withdrawn, while notices were issued to respondents for further consideration. The judgment aimed to uphold legal procedures and timelines while safeguarding the interests of all parties involved in the insolvency resolution process. Case-Laws Insolvency and Bankruptcy Tue, 16 Mar 2021 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=299288