Expedited adjudication timelines ensure tribunals record reasons for delay and allow only limited extensions, and injunctions are barred against tribunal actions.

Section 64 mandates expedited disposal of insolvency applications by the tribunals, requiring them to record reasons when prescribed periods lapse and permitting a limited extension after considering those reasons. It also bars any injunction by other courts or authorities in respect of actions taken or to be taken under tribunal powers, reinforcing strict adherence to timelines and the requirement for reasoned orders in the insolvency resolution process.

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