https://www.taxtmi.com/caselaws?id=300223 The Tribunal dismissed the Applicant's application seeking to quash the resolution passed at the twelfth CoC meeting under section 60(5) of the Insolvency and Bankruptcy Code, 2016. Despite citing challenges due to the Covid-19 lockdown, the Applicant failed to submit the revised resolution plan within the extended timeline. The Tribunal found that the RP and CoC acted reasonably, granting multiple extensions and ensuring equal opportunities for all applicants. Emphasizing the availability of remote working options during the pandemic, the Tribunal concluded that the decisions made were not arbitrary or unreasonable, leading to the dismissal of the Applicant's claims. en-us Tue, 02 Feb 2021 00:00:00 +0530 Tue, 18 Jan 2022 08:36:03 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=300223 The Tribunal dismissed the Applicant's application seeking to quash the resolution passed at the twelfth CoC meeting under section 60(5) of the Insolvency and Bankruptcy Code, 2016. Despite citing challenges due to the Covid-19 lockdown, the Applicant failed to submit the revised resolution plan within the extended timeline. The Tribunal found that the RP and CoC acted reasonably, granting multiple extensions and ensuring equal opportunities for all applicants. Emphasizing the availability of remote working options during the pandemic, the Tribunal concluded that the decisions made were not arbitrary or unreasonable, leading to the dismissal of the Applicant's claims. Case-Laws Companies Law Tue, 02 Feb 2021 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=300223