https://www.taxtmi.com/caselaws?id=421822 The Tribunal allowed the application filed by the Resolution Professional against the Operational Creditor under Sections 60(5) and 65(1) of the Insolvency and Bankruptcy Code, 2016. The Tribunal directed the Operational Creditor to make immediate payment towards its share of CIRP costs within a specified timeframe. The decision underscored the significance of timely payments and cooperation in the Corporate Insolvency Resolution Process to ensure the effective resolution of insolvency proceedings. en-us Thu, 21 Apr 2022 00:00:00 +0530 Mon, 02 May 2022 11:15:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=421822 The Tribunal allowed the application filed by the Resolution Professional against the Operational Creditor under Sections 60(5) and 65(1) of the Insolvency and Bankruptcy Code, 2016. The Tribunal directed the Operational Creditor to make immediate payment towards its share of CIRP costs within a specified timeframe. The decision underscored the significance of timely payments and cooperation in the Corporate Insolvency Resolution Process to ensure the effective resolution of insolvency proceedings. Case-Laws Insolvency and Bankruptcy Thu, 21 Apr 2022 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=421822