https://www.taxtmi.com/caselaws?id=765150 NCLAT dismissed appeal challenging NCLT's exclusion of period from 12.04.2023 to 01.07.2024 from resolution plan implementation timeline. SRA had infused Rs.7 crores of required Rs.10 crores and taken substantial implementation steps including obtaining renewals, environmental clearance applications, and electricity restoration. Interim order during appeals against resolution plan approval restricted SRA's operations and fund realization. NCLAT held that when resolution plan approval is challenged and interim orders affect financial execution, exclusion of such period from implementation timeline is justified. SRA represented 250 allottees association. Appeals against resolution plan were ultimately dismissed on 01.07.2024 after elaborate consideration. en-us Thu, 23 Jan 2025 00:00:00 +0530 Mon, 27 Jan 2025 08:40:01 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=765150 NCLAT dismissed appeal challenging NCLT's exclusion of period from 12.04.2023 to 01.07.2024 from resolution plan implementation timeline. SRA had infused Rs.7 crores of required Rs.10 crores and taken substantial implementation steps including obtaining renewals, environmental clearance applications, and electricity restoration. Interim order during appeals against resolution plan approval restricted SRA's operations and fund realization. NCLAT held that when resolution plan approval is challenged and interim orders affect financial execution, exclusion of such period from implementation timeline is justified. SRA represented 250 allottees association. Appeals against resolution plan were ultimately dismissed on 01.07.2024 after elaborate consideration. Case-Laws IBC Thu, 23 Jan 2025 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=765150