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Generate professional replies to Show Cause Notices, assessment orders, audit objections, and other legal communications using TaxTMI's AI Drafter.
Step 1 – Issue Identification & Review
The AI analyses your query, notice, order, or uploaded documents and identifies the key issues involved.
• Review the issues identified by the AI
• Add, edit, remove, or refine issues as required
Step 2 – Draft Generation
Once you approve the issues, the AI performs issue-wise legal research and prepares a structured draft response.
• Relevant statutory provisions
• Judicial precedents and Supreme Court, High Court and other citations
• Issue-wise legal analysis
• Practical arguments and supporting content
• Professionally structured draft ready for further review. 
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Issues: Whether the period for completion of the corporate insolvency resolution process could be extended by 90 days.
Analysis: The application sought extension of the CIRP on the basis that the expression of interest had been issued and the last date for submission of resolution plans was beyond the initial 180-day period. The Authority was satisfied, in view of the application and the resolutions of the committee of creditors, that the CIRP could not be completed within 180 days and that an extension of time was required.
Conclusion: The period for CIRP was extended by 90 days from 13.07.2018.