https://www.taxtmi.com/caselaws?id=423441 The tribunal found the successful resolution applicant ineligible under Section 29A(f) of the Insolvency and Bankruptcy Code, 2016, due to being debarred by the BSE from accessing the securities market. The resolution plan was rejected, leading to an extension of the Corporate Insolvency Resolution Process (CIRP) period by 90 days. The matter was referred back to the Committee of Creditors for consideration of alternative resolution plans. IA No.348 of 2021 was allowed, while IA No.155 of 2022 was dismissed. en-us Tue, 24 May 2022 00:00:00 +0530 Mon, 06 Jun 2022 21:56:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=423441 The tribunal found the successful resolution applicant ineligible under Section 29A(f) of the Insolvency and Bankruptcy Code, 2016, due to being debarred by the BSE from accessing the securities market. The resolution plan was rejected, leading to an extension of the Corporate Insolvency Resolution Process (CIRP) period by 90 days. The matter was referred back to the Committee of Creditors for consideration of alternative resolution plans. IA No.348 of 2021 was allowed, while IA No.155 of 2022 was dismissed. Case-Laws Insolvency and Bankruptcy Tue, 24 May 2022 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=423441