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of <h1>Regulation 40C Excludes COVID-19 Lockdown Period from Insolvency Resolution Timelines to Mitigate Pandemic Impact</h1> Regulation 40C of the Insolvency and Bankruptcy Board of India (Insolvency Resolution Process for Corporate Persons) Regulations, 2016, addresses the impact of the COVID-19 pandemic on corporate insolvency resolution processes. It stipulates that the period of lockdown imposed by the Central Government due to the COVID-19 outbreak is excluded from the calculation of time-lines for any activities that could not be completed because of the lockdown. This provision ensures that the lockdown period does not adversely affect the procedural timelines established under the regulations.
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