https://www.taxtmi.com/caselaws?id=427967 The Tribunal found that the Adjudicating Authority erred in disposing of the application without considering it on merits, directing a belated resolution plan to be placed before the CoC, and extending the CIRP period without valid reasons. The Tribunal deemed the Authority's actions as illegal and lacking proper reasoning, setting aside the order and instructing a review of the Successful Resolution Applicant's plan within four weeks. The appeal was allowed with no costs awarded. en-us Mon, 19 Sep 2022 00:00:00 +0530 Wed, 21 Sep 2022 07:39:32 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=427967 The Tribunal found that the Adjudicating Authority erred in disposing of the application without considering it on merits, directing a belated resolution plan to be placed before the CoC, and extending the CIRP period without valid reasons. The Tribunal deemed the Authority's actions as illegal and lacking proper reasoning, setting aside the order and instructing a review of the Successful Resolution Applicant's plan within four weeks. The appeal was allowed with no costs awarded. Case-Laws Insolvency and Bankruptcy Mon, 19 Sep 2022 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=427967