https://www.taxtmi.com/caselaws?id=300420 The Tribunal dismissed the application under Section 60(5) of the Insolvency and Bankruptcy Code, 2016, on June 30, 2021. The Applicants' request to set aside the approved Resolution Plan and submit a new plan was denied due to the advanced stage of proceedings, emphasizing adherence to the time-bound nature of the Corporate Insolvency Resolution Process and the need for value maximization within set deadlines. The Tribunal upheld the approved Resolution Plan, highlighting the importance of timely resolution and maximizing value promptly. en-us Wed, 30 Jun 2021 00:00:00 +0530 Mon, 31 Jan 2022 21:09:43 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=300420 The Tribunal dismissed the application under Section 60(5) of the Insolvency and Bankruptcy Code, 2016, on June 30, 2021. The Applicants' request to set aside the approved Resolution Plan and submit a new plan was denied due to the advanced stage of proceedings, emphasizing adherence to the time-bound nature of the Corporate Insolvency Resolution Process and the need for value maximization within set deadlines. The Tribunal upheld the approved Resolution Plan, highlighting the importance of timely resolution and maximizing value promptly. Case-Laws Insolvency and Bankruptcy Wed, 30 Jun 2021 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=300420