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        IBC

        Section 198 - Condonation of delay.

        Insolvency and Bankruptcy Code, 2016
        Chapter II (of Part IV)
        POWERS AND FUNCTIONS OF THE BOARD

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        Condonation of delay allows adjudicating authorities to excuse Board missed statutory timelines when reasons are recorded in writing. The Adjudicating Authority may condone the Board's failure to perform any act within a statutory period by recording written reasons for doing so, thereby permitting belated performance notwithstanding other provisions of the Code.
                        Cases where this provision is explicitly mentioned in the judgment/order text; may not be exhaustive. To view the complete list of cases mentioning this section, Click here.
                        Provisions expressly mentioned in the judgment/order text.

                            Condonation of delay allows adjudicating authorities to excuse Board missed statutory timelines when reasons are recorded in writing.

                            The Adjudicating Authority may condone the Board's failure to perform any act within a statutory period by recording written reasons for doing so, thereby permitting belated performance notwithstanding other provisions of the Code.


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