https://www.taxtmi.com/caselaws?id=469309 Exclusion of 60 days from the Corporate Insolvency Resolution Process was supported by the Committee of Creditors' overwhelming majority after considering pending litigation, potential receipt and evaluation of a resolution plan, and other CIRP developments. The Tribunal treated that decision as commercial wisdom and declined to displace it at the request of a dissenting minority financial creditor. Liquidation, being a last resort under the insolvency framework, was not warranted because the corporate debtor retained substantial assets and viable resolution prospects. The time exclusion was upheld and liquidation was declined. en-us Tue, 18 Feb 2025 00:00:00 +0530 Sat, 13 Jun 2026 21:16:19 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=469309 Exclusion of 60 days from the Corporate Insolvency Resolution Process was supported by the Committee of Creditors' overwhelming majority after considering pending litigation, potential receipt and evaluation of a resolution plan, and other CIRP developments. The Tribunal treated that decision as commercial wisdom and declined to displace it at the request of a dissenting minority financial creditor. Liquidation, being a last resort under the insolvency framework, was not warranted because the corporate debtor retained substantial assets and viable resolution prospects. The time exclusion was upheld and liquidation was declined. Case-Laws IBC Tue, 18 Feb 2025 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=469309