https://www.taxtmi.com/caselaws?id=800186 Expiry of the CIRP period without receipt of a resolution plan or a valid extension requires mandatory liquidation. This consequence operates independently of liquidation initiated through a Committee of Creditors resolution; failure to obtain the voting threshold for such a separate resolution does not prevent liquidation following CIRP expiry. The Committee of Creditors' commercial wisdom cannot override statutory timelines or prescribed consequences. Post-expiry resolutions seeking directions, later expressions of interest, or eligibility-related claims cannot revive an expired CIRP. en-us Wed, 30 Sep 2026 00:00:00 +0530 Sat, 03 Oct 2026 09:32:32 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=800186 Expiry of the CIRP period without receipt of a resolution plan or a valid extension requires mandatory liquidation. This consequence operates independently of liquidation initiated through a Committee of Creditors resolution; failure to obtain the voting threshold for such a separate resolution does not prevent liquidation following CIRP expiry. The Committee of Creditors' commercial wisdom cannot override statutory timelines or prescribed consequences. Post-expiry resolutions seeking directions, later expressions of interest, or eligibility-related claims cannot revive an expired CIRP. Case-Laws IBC Wed, 30 Sep 2026 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=800186