https://www.taxtmi.com/caselaws?id=417404 The Tribunal vacated the interim stay that had kept constitution of the Committee of Creditors in abeyance, noting that the insolvency process had remained stalled and settlement efforts had made no concrete progress despite repeated oral assurances. It held that continued protection was no longer justified and directed the resolution professional to proceed with constitution of the Committee of Creditors and to continue the Corporate Insolvency Resolution Process within the prescribed timeline. en-us Tue, 18 Jan 2022 00:00:00 +0530 Sat, 22 Jan 2022 08:47:54 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=417404 The Tribunal vacated the interim stay that had kept constitution of the Committee of Creditors in abeyance, noting that the insolvency process had remained stalled and settlement efforts had made no concrete progress despite repeated oral assurances. It held that continued protection was no longer justified and directed the resolution professional to proceed with constitution of the Committee of Creditors and to continue the Corporate Insolvency Resolution Process within the prescribed timeline. Case-Laws Insolvency and Bankruptcy Tue, 18 Jan 2022 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=417404