https://www.taxtmi.com/caselaws?id=437856 The Tribunal held that avoidance applications can continue post-CIRP as they are distinct from the resolution process. The Successful Resolution Applicant was allowed to pursue these applications as per the approved Resolution Plan, rejecting the argument that only the RP could do so. The Tribunal also permitted avoidance applications filed after CoC's approval of the Resolution Plan, emphasizing reasonableness in timelines. All appeals were dismissed, affirming the Successful Resolution Applicant's right to pursue avoidance applications, with the Tribunal upholding the Adjudicating Authority's orders. en-us Mon, 15 May 2023 00:00:00 +0530 Tue, 16 May 2023 14:41:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=437856 The Tribunal held that avoidance applications can continue post-CIRP as they are distinct from the resolution process. The Successful Resolution Applicant was allowed to pursue these applications as per the approved Resolution Plan, rejecting the argument that only the RP could do so. The Tribunal also permitted avoidance applications filed after CoC's approval of the Resolution Plan, emphasizing reasonableness in timelines. All appeals were dismissed, affirming the Successful Resolution Applicant's right to pursue avoidance applications, with the Tribunal upholding the Adjudicating Authority's orders. Case-Laws Insolvency and Bankruptcy Mon, 15 May 2023 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=437856