https://www.taxtmi.com/caselaws?id=443845 The Tribunal set aside the order for liquidation and extended the Corporate Insolvency Resolution Process (CIRP) for 60 days to allow the Committee of Creditors (CoC) to consider a revised offer from one appellant. The CoC was instructed to only consider the revised offer submitted by the appellant. If the Resolution Plan was approved, an application should be filed for approval; if not, the Resolution Professional should promptly file for liquidation. en-us Tue, 03 Oct 2023 00:00:00 +0530 Wed, 04 Oct 2023 16:54:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=443845 The Tribunal set aside the order for liquidation and extended the Corporate Insolvency Resolution Process (CIRP) for 60 days to allow the Committee of Creditors (CoC) to consider a revised offer from one appellant. The CoC was instructed to only consider the revised offer submitted by the appellant. If the Resolution Plan was approved, an application should be filed for approval; if not, the Resolution Professional should promptly file for liquidation. Case-Laws Insolvency and Bankruptcy Tue, 03 Oct 2023 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=443845