https://www.taxtmi.com/caselaws?id=302704 The Tribunal denied the Appellant's request for a stay on the formation of the Committee of Creditors (CoC) in the context of an appeal against the Impugned Order admitting the Section 7 application under the Insolvency and Bankruptcy Code (IBC). Emphasizing the time-sensitive nature of the IBC process, the Tribunal indicated that any future success by the Appellant would lead to appropriate orders. The Tribunal directed the parties to file Reply-Affidavits within two weeks, with an Appeal Hearing scheduled for October 7, 2021, after receiving Written-Submissions and Copies of Judgments. en-us Mon, 23 Aug 2021 00:00:00 +0530 Mon, 13 Jun 2022 14:09:09 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=302704 The Tribunal denied the Appellant's request for a stay on the formation of the Committee of Creditors (CoC) in the context of an appeal against the Impugned Order admitting the Section 7 application under the Insolvency and Bankruptcy Code (IBC). Emphasizing the time-sensitive nature of the IBC process, the Tribunal indicated that any future success by the Appellant would lead to appropriate orders. The Tribunal directed the parties to file Reply-Affidavits within two weeks, with an Appeal Hearing scheduled for October 7, 2021, after receiving Written-Submissions and Copies of Judgments. Case-Laws Insolvency and Bankruptcy Mon, 23 Aug 2021 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=302704