https://www.taxtmi.com/caselaws?id=300412 The Tribunal dismissed the appeal seeking an extension of time for submission of a Resolution Plan and Expression of Interest in a Corporate Insolvency Resolution Process (CIRP). The Committee of Creditors rejected the extension request, citing the approaching expiry of the maximum 330-day period for completing the CIRP. The Tribunal emphasized the need to adhere to the timelines prescribed under the Insolvency and Bankruptcy Code to prevent delays and maintain the competitive bidding process. The appeal was deemed lacking in merit to uphold the objectives of the Code. en-us Tue, 25 Aug 2020 00:00:00 +0530 Mon, 31 Jan 2022 21:09:43 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=300412 The Tribunal dismissed the appeal seeking an extension of time for submission of a Resolution Plan and Expression of Interest in a Corporate Insolvency Resolution Process (CIRP). The Committee of Creditors rejected the extension request, citing the approaching expiry of the maximum 330-day period for completing the CIRP. The Tribunal emphasized the need to adhere to the timelines prescribed under the Insolvency and Bankruptcy Code to prevent delays and maintain the competitive bidding process. The appeal was deemed lacking in merit to uphold the objectives of the Code. Case-Laws Insolvency and Bankruptcy Tue, 25 Aug 2020 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=300412