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of <h1>Fast track corporate insolvency resolution under IBC, 2016, must conclude in 90 days; 45-day extension possible once.</h1> The fast track corporate insolvency resolution process under the Insolvency and Bankruptcy Code, 2016, must be completed within ninety days from the commencement date. If the resolution professional is instructed by a resolution passed with seventy-five percent voting share approval from the committee of creditors, they may apply to the Adjudicating Authority to extend this period. The Authority can extend the process by up to forty-five additional days if it deems necessary, but such an extension can only be granted once. This provision became effective on June 14, 2017.
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