https://www.taxtmi.com/caselaws?id=421110 The tribunal granted the Successful Resolution Applicant an extension of one month for the balance payment and an additional sum, directing prompt completion of formalities and management transfer. Despite Covid-19 challenges, the Applicant was required to fulfill all payments and remunerations within the extended period, adhering to the Resolution Plan and State Bank of India's conditions. The tribunal approved the extension, considering pandemic impacts, and disposed of the application by instructing implementation of the Resolution Plan and settlement of dues to the Monitoring Committee Member within the specified timeframe. en-us Thu, 24 Mar 2022 00:00:00 +0530 Mon, 18 Apr 2022 08:08:07 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=421110 The tribunal granted the Successful Resolution Applicant an extension of one month for the balance payment and an additional sum, directing prompt completion of formalities and management transfer. Despite Covid-19 challenges, the Applicant was required to fulfill all payments and remunerations within the extended period, adhering to the Resolution Plan and State Bank of India's conditions. The tribunal approved the extension, considering pandemic impacts, and disposed of the application by instructing implementation of the Resolution Plan and settlement of dues to the Monitoring Committee Member within the specified timeframe. Case-Laws Insolvency and Bankruptcy Thu, 24 Mar 2022 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=421110