https://www.taxtmi.com/caselaws?id=427333 The Appellate Tribunal allowed the appeal by the Resolution Professional, directing the exclusion of specific periods from the Corporate Insolvency Resolution Process (CIRP) timeline to facilitate effective evaluation of the Resolution Plan by the Committee of Creditors. The judgment emphasized adherence to legal timelines and the impact of unresolved disputes on the insolvency resolution process, ensuring a fair resolution process for stakeholders. The decision aligned with legal precedent, particularly the necessity to exclude time spent in legal proceedings from the CIRP period calculation, as highlighted in a Supreme Court judgment. en-us Tue, 06 Sep 2022 00:00:00 +0530 Wed, 07 Sep 2022 06:46:02 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=427333 The Appellate Tribunal allowed the appeal by the Resolution Professional, directing the exclusion of specific periods from the Corporate Insolvency Resolution Process (CIRP) timeline to facilitate effective evaluation of the Resolution Plan by the Committee of Creditors. The judgment emphasized adherence to legal timelines and the impact of unresolved disputes on the insolvency resolution process, ensuring a fair resolution process for stakeholders. The decision aligned with legal precedent, particularly the necessity to exclude time spent in legal proceedings from the CIRP period calculation, as highlighted in a Supreme Court judgment. Case-Laws Insolvency and Bankruptcy Tue, 06 Sep 2022 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=427333