TaxTMI Login
Just a moment...
Press 'Enter' to add multiple search terms. Rules for Better Search
of 
of 
No Folders have been created
Are you sure you want to delete "My most important" ?
NOTE:
of of 
All Manuals
of of All Manuals
Note
Bookmark
Share
Don't have an account? Register Here
of <h1>CIRP to be completed in 180 days per IBC Section 12(1); possible extension to 330 days with creditor approval.</h1> The corporate insolvency resolution process (CIRP) must be completed within 180 days from the application admission date, as per Section 12(1) of the Insolvency and Bankruptcy Code (IBC). An extension of up to 90 days can be granted by the Adjudicating Authority if 66% of the creditors' committee votes in favor. The process must be completed within 330 days, including any extensions and legal proceedings. Judicial interpretations emphasize the importance of adhering to these timelines. However, the Supreme Court has allowed extensions beyond 330 days under certain circumstances to avoid liquidation and support viable resolution plans.
TaxTMI 
