https://www.taxtmi.com/caselaws?id=767048 Established debt and default, together with the unanimous rejection of settlement proposals by the lenders and opposition from key stakeholders, did not justify interference with the admission of the Section 7 insolvency application, and the corporate insolvency resolution process was permitted to continue in accordance with law. The period during which interim protection operated in appeal, during which the resolution process could not progress beyond claim collation, was directed to be excluded from computation of the CIRP timeline. en-us Thu, 06 Mar 2025 00:00:00 +0530 Mon, 10 Mar 2025 08:42:25 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=767048 Established debt and default, together with the unanimous rejection of settlement proposals by the lenders and opposition from key stakeholders, did not justify interference with the admission of the Section 7 insolvency application, and the corporate insolvency resolution process was permitted to continue in accordance with law. The period during which interim protection operated in appeal, during which the resolution process could not progress beyond claim collation, was directed to be excluded from computation of the CIRP timeline. Case-Laws IBC Thu, 06 Mar 2025 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=767048