https://www.taxtmi.com/caselaws?id=421820 The Tribunal found no merit in the applicant's claims regarding the premature and invalid formation of the Committee of Creditors (CoC), invalidity of the first CoC meeting, and voidance of the meeting minutes. The Tribunal directed the applicant to cooperate with the Resolution Professional for an early resolution, emphasizing the importance of timely resolution in Corporate Insolvency Resolution Process (CIRP). The State Bank of India's significant voting share and lack of consent for withdrawal applications were crucial factors in the Tribunal's decision to dismiss the applicant's contentions and extend the CIRP period for resolution. en-us Thu, 21 Apr 2022 00:00:00 +0530 Tue, 03 May 2022 08:22:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=421820 The Tribunal found no merit in the applicant's claims regarding the premature and invalid formation of the Committee of Creditors (CoC), invalidity of the first CoC meeting, and voidance of the meeting minutes. The Tribunal directed the applicant to cooperate with the Resolution Professional for an early resolution, emphasizing the importance of timely resolution in Corporate Insolvency Resolution Process (CIRP). The State Bank of India's significant voting share and lack of consent for withdrawal applications were crucial factors in the Tribunal's decision to dismiss the applicant's contentions and extend the CIRP period for resolution. Case-Laws Insolvency and Bankruptcy Thu, 21 Apr 2022 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=421820