https://www.taxtmi.com/caselaws?id=430141 The Adjudicating Authority dismissed applications by Phoenix ARC Private Limited and Raghav Jain seeking clarification and reliefs related to a resolution plan. The Authority clarified that inviting all resolution applicants for negotiations was not permissible as the final list was determined. Jain's claims of bias and delay were rejected, emphasizing the need for timely action. Both applications were dismissed, directing the Committee of Creditors to complete the Corporate Insolvency Resolution Process within the specified timeframe. en-us Fri, 04 Nov 2022 00:00:00 +0530 Fri, 11 Nov 2022 11:16:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=430141 The Adjudicating Authority dismissed applications by Phoenix ARC Private Limited and Raghav Jain seeking clarification and reliefs related to a resolution plan. The Authority clarified that inviting all resolution applicants for negotiations was not permissible as the final list was determined. Jain's claims of bias and delay were rejected, emphasizing the need for timely action. Both applications were dismissed, directing the Committee of Creditors to complete the Corporate Insolvency Resolution Process within the specified timeframe. Case-Laws Insolvency and Bankruptcy Fri, 04 Nov 2022 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=430141