https://www.taxtmi.com/caselaws?id=441882 The Adjudicating Authority extended the CIRP period, justifying the 32-day exclusion due to COVID and pending plan approval. The Appellate Tribunal upheld this decision. The Tribunal confirmed the Resolution Applicant's eligibility despite not meeting all Real Estate Project criteria in the Mumbai Metropolitan Region, as flexibility was allowed. The Tribunal rejected the Appellant's claim of ineligibility and dismissed their appeal, along with the application to submit a plan. The Resolution Plan's approval, supported by a 76.35% vote share from the CoC, was upheld, leading to the dismissal of both Appeals. en-us Fri, 18 Aug 2023 00:00:00 +0530 Sat, 19 Aug 2023 10:14:04 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=441882 The Adjudicating Authority extended the CIRP period, justifying the 32-day exclusion due to COVID and pending plan approval. The Appellate Tribunal upheld this decision. The Tribunal confirmed the Resolution Applicant's eligibility despite not meeting all Real Estate Project criteria in the Mumbai Metropolitan Region, as flexibility was allowed. The Tribunal rejected the Appellant's claim of ineligibility and dismissed their appeal, along with the application to submit a plan. The Resolution Plan's approval, supported by a 76.35% vote share from the CoC, was upheld, leading to the dismissal of both Appeals. Case-Laws Insolvency and Bankruptcy Fri, 18 Aug 2023 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=441882