TaxTMI 
TaxTMI 
As per IBC Section 12, CIRP is 180 days + 90 days extension (270 days). Why do books mention 330 days? Is extra 60 days due to litigation, amendment, and is it mandatory for exams?
IBC 2016 TIME LIMIT 180+90=270 DAYS (330)
31 Dec 2025 
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Corporate insolvency resolution process: 270 days core period; 330 days cited as outer cap including litigation delays.
Section 12 establishes a 180-day CIRP period with a one-time 90-day extension (270 days). A 2019 proviso aggregates the base period, extension and time in legal proceedings into an overall 330-day cap by including litigation delays in the count. Judicial consideration removed absolute mandatory wording, leaving the 330-day figure as a directory outer boundary while preserving 270 days as the core statutory timeline. (AI Summary)
Section 12 establishes a 180-day CIRP period with a one-time 90-day extension (270 days). A 2019 proviso aggregates the base period, extension and time in legal proceedings into an overall 330-day cap by including litigation delays in the count. Judicial consideration removed absolute mandatory wording, leaving the 330-day figure as a directory outer boundary while preserving 270 days as the core statutory timeline. (AI Summary)