https://www.taxtmi.com/caselaws?id=775647 The NCLAT set aside the order rejecting the RP's application for a 30-day extension to complete the Personal Insolvency Resolution Process. Despite 61% of the CoC having voted, the extension was sought by SBI and Union Bank of India due to internal approval delays. The tribunal found no lack of seriousness by the parties and allowed the 30-day extension for e-voting on the repayment plan. The RP was directed to complete the voting within this period, after which further steps would follow. The appeal was disposed of accordingly. en-us Thu, 17 Jul 2025 00:00:00 +0530 Tue, 29 Jul 2025 08:30:17 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=775647 The NCLAT set aside the order rejecting the RP's application for a 30-day extension to complete the Personal Insolvency Resolution Process. Despite 61% of the CoC having voted, the extension was sought by SBI and Union Bank of India due to internal approval delays. The tribunal found no lack of seriousness by the parties and allowed the 30-day extension for e-voting on the repayment plan. The RP was directed to complete the voting within this period, after which further steps would follow. The appeal was disposed of accordingly. Case-Laws IBC Thu, 17 Jul 2025 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=775647