https://www.taxtmi.com/caselaws?id=300923 The appeal against the order of liquidation under the Insolvency & Bankruptcy Code was dismissed by the Tribunal. The Appellant, claiming to be a 'Resolution Applicant', sought exclusion of days for counting the period of 270 days. However, the Tribunal held that the right to file such applications for exclusion of time lies with the 'Committee of Creditors' or 'Resolution Professional'. As none of the 'Resolution Plans' were deemed viable and feasible, the liquidation order was upheld, with directions for the Liquidator to adhere to legal provisions and previous judgments for future actions. en-us Tue, 06 Aug 2019 00:00:00 +0530 Fri, 04 Mar 2022 08:55:06 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=300923 The appeal against the order of liquidation under the Insolvency & Bankruptcy Code was dismissed by the Tribunal. The Appellant, claiming to be a 'Resolution Applicant', sought exclusion of days for counting the period of 270 days. However, the Tribunal held that the right to file such applications for exclusion of time lies with the 'Committee of Creditors' or 'Resolution Professional'. As none of the 'Resolution Plans' were deemed viable and feasible, the liquidation order was upheld, with directions for the Liquidator to adhere to legal provisions and previous judgments for future actions. Case-Laws Insolvency and Bankruptcy Tue, 06 Aug 2019 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=300923