https://www.taxtmi.com/caselaws?id=429187 The Tribunal upheld the approval of the Resolution Plan, dismissing the appeal against rejection of objection and approval of the plan. The Appellant's request for an extension to furnish a Bank Guarantee was denied, leading to an adjournment for legal advice by the Committee of Creditors. The Tribunal excluded time from the Corporate Insolvency Resolution Process due to CoC considerations and directed completion within the specified timeframe. The Appellant's argument of the approved plan having less value was rejected, emphasizing adherence to CIRP timelines and CoC authority in approving plans. en-us Wed, 19 Oct 2022 00:00:00 +0530 Thu, 20 Oct 2022 08:17:30 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=429187 The Tribunal upheld the approval of the Resolution Plan, dismissing the appeal against rejection of objection and approval of the plan. The Appellant's request for an extension to furnish a Bank Guarantee was denied, leading to an adjournment for legal advice by the Committee of Creditors. The Tribunal excluded time from the Corporate Insolvency Resolution Process due to CoC considerations and directed completion within the specified timeframe. The Appellant's argument of the approved plan having less value was rejected, emphasizing adherence to CIRP timelines and CoC authority in approving plans. Case-Laws Insolvency and Bankruptcy Wed, 19 Oct 2022 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=429187