https://www.taxtmi.com/caselaws?id=437535 The appeal challenging the order allowing liquidation proceedings against a Corporate Debtor was dismissed as the Appellant failed to submit a proposed settlement within the agreed timeline. The lack of a genuine intention to resolve the matter led to the decision not to extend the 180-day period for Corporate Insolvency Resolution Process (CIRP). Despite a One Time Settlement proposal, the failure to meet deadlines and provide required payments resulted in the Tribunal upholding the decision for liquidation due to the absence of a viable resolution plan. en-us Wed, 03 May 2023 00:00:00 +0530 Tue, 09 May 2023 08:06:06 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=437535 The appeal challenging the order allowing liquidation proceedings against a Corporate Debtor was dismissed as the Appellant failed to submit a proposed settlement within the agreed timeline. The lack of a genuine intention to resolve the matter led to the decision not to extend the 180-day period for Corporate Insolvency Resolution Process (CIRP). Despite a One Time Settlement proposal, the failure to meet deadlines and provide required payments resulted in the Tribunal upholding the decision for liquidation due to the absence of a viable resolution plan. Case-Laws Insolvency and Bankruptcy Wed, 03 May 2023 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=437535