https://www.taxtmi.com/caselaws?id=300643 The State Bank of India filed for liquidation of a Corporate Debtor taken over by a successful resolution applicant, while the Resolution Applicant sought an extension for payment. The Tribunal acknowledged the challenges faced by both parties, considering the ongoing resolution process and the impact of the COVID-19 pandemic on payment timelines. The Tribunal scheduled a hearing to deliberate on the extension request, emphasizing the importance of addressing liquidation and payment issues in a balanced manner to facilitate an effective resolution process. en-us Tue, 16 Mar 2021 00:00:00 +0530 Thu, 17 Feb 2022 07:42:16 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=300643 The State Bank of India filed for liquidation of a Corporate Debtor taken over by a successful resolution applicant, while the Resolution Applicant sought an extension for payment. The Tribunal acknowledged the challenges faced by both parties, considering the ongoing resolution process and the impact of the COVID-19 pandemic on payment timelines. The Tribunal scheduled a hearing to deliberate on the extension request, emphasizing the importance of addressing liquidation and payment issues in a balanced manner to facilitate an effective resolution process. Case-Laws Insolvency and Bankruptcy Tue, 16 Mar 2021 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=300643