https://www.taxtmi.com/caselaws?id=421702 The Adjudicating Authority dismissed Application I.A No. 125 of 2022, leading to the filing of Application I.A No. 686 of 2022 seeking exclusion of time. The Adjudicating Authority granted exclusion of 65 days, extending the 'Effective Date' to 25.05.2022. The Appellant challenged the order, but the Tribunal upheld the exclusion, emphasizing its necessity to prevent hindrances to the Corporate Debtor's revival. The Tribunal deemed the exclusion justified, aligning with the objectives of the insolvency process and ensuring the successful implementation of the Resolution Plan. en-us Thu, 28 Apr 2022 00:00:00 +0530 Thu, 28 Apr 2022 18:11:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=421702 The Adjudicating Authority dismissed Application I.A No. 125 of 2022, leading to the filing of Application I.A No. 686 of 2022 seeking exclusion of time. The Adjudicating Authority granted exclusion of 65 days, extending the 'Effective Date' to 25.05.2022. The Appellant challenged the order, but the Tribunal upheld the exclusion, emphasizing its necessity to prevent hindrances to the Corporate Debtor's revival. The Tribunal deemed the exclusion justified, aligning with the objectives of the insolvency process and ensuring the successful implementation of the Resolution Plan. Case-Laws Insolvency and Bankruptcy Thu, 28 Apr 2022 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=421702