Litigation Time Excluded from 270-Day Limit u/s 12 of Insolvency and Bankruptcy Code to Aid Debtor Operations.

Litigation Time Excluded from 270-Day Limit u/s 12 of Insolvency and Bankruptcy Code to Aid Debtor Operations. https://www.taxtmi.com/highlights?id=46571 Exclusion of the time period spent in litigation - the proposition which emerges therefore is that certain period can be excluded from the total period of 270 days permissible u/s 12 of the Code - If there is a Resolution Applicant who can continue to run the corporate debtor as a going concern, every effort must be made to try and see that this is made possible en-us Fri, 17 May 2019 09:00:09 +0530 Thu, 16 May 2019 18:29:34 +0530 TaxTMI RSS Generator Litigation Time Excluded from 270-Day Limit u/s 12 of Insolvency and Bankruptcy Code to Aid Debtor Operations. https://www.taxtmi.com/highlights?id=46571 Exclusion of the time period spent in litigation - the proposition which emerges therefore is that certain period can be excluded from the total period of 270 days permissible u/s 12 of the Code - If there is a Resolution Applicant who can continue to run the corporate debtor as a going concern, every effort must be made to try and see that this is made possible Highlights Insolvency and Bankruptcy Fri, 17 May 2019 09:00:09 +0530 https://www.taxtmi.com/highlights?id=46571