https://www.taxtmi.com/caselaws?id=799981 Committee of Creditors approval of eligibility criteria is required before Form G is published, because the invitation for resolution applicants must conform to approved criteria under the insolvency framework. Where the CIRP period expires without a resolution plan and no timely extension or exclusion has been obtained, liquidation follows; stakeholder deadlock or delay does not indefinitely defer that consequence. Going-concern status depends on actual operations, employees, revenue and trading activity, not asset ownership alone. A pending application alleging fraudulent or malicious initiation does not automatically suspend liquidation, and suspended-board non-impleadment requires demonstrable prejudice. Further resolution efforts remain within the Committee of Creditors' commercial decision-making. en-us Wed, 09 Sep 2026 00:00:00 +0530 Wed, 30 Sep 2026 08:41:57 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=799981 Committee of Creditors approval of eligibility criteria is required before Form G is published, because the invitation for resolution applicants must conform to approved criteria under the insolvency framework. Where the CIRP period expires without a resolution plan and no timely extension or exclusion has been obtained, liquidation follows; stakeholder deadlock or delay does not indefinitely defer that consequence. Going-concern status depends on actual operations, employees, revenue and trading activity, not asset ownership alone. A pending application alleging fraudulent or malicious initiation does not automatically suspend liquidation, and suspended-board non-impleadment requires demonstrable prejudice. Further resolution efforts remain within the Committee of Creditors' commercial decision-making. Case-Laws IBC Wed, 09 Sep 2026 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=799981