https://www.taxtmi.com/caselaws?id=421277 The Appellate Tribunal upheld the Adjudicating Authority's decision to reject the liquidation application for the Corporate Debtor. The Tribunal found that the SRA had demonstrated willingness to implement the Resolution Plan and had taken substantial steps towards its implementation. Emphasizing the objective of reviving and continuing the Corporate Debtor, the Tribunal dismissed the appeal and affirmed the Authority's order as aligned with the principles of the Insolvency and Bankruptcy Code, 2016. en-us Tue, 19 Apr 2022 00:00:00 +0530 Thu, 21 Apr 2022 08:32:22 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=421277 The Appellate Tribunal upheld the Adjudicating Authority's decision to reject the liquidation application for the Corporate Debtor. The Tribunal found that the SRA had demonstrated willingness to implement the Resolution Plan and had taken substantial steps towards its implementation. Emphasizing the objective of reviving and continuing the Corporate Debtor, the Tribunal dismissed the appeal and affirmed the Authority's order as aligned with the principles of the Insolvency and Bankruptcy Code, 2016. Case-Laws Insolvency and Bankruptcy Tue, 19 Apr 2022 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=421277