https://www.taxtmi.com/caselaws?id=388919 The Tribunal addressed exclusion of time from the CIRP timeline where delay arose from late appointment of the resolution professional, delayed receipt of the appointment order, incomplete handover of records, and continued non-cooperation by the suspended board. Relying on Sections 12 and 60(5) of the Insolvency and Bankruptcy Code, 2016 and the applicable NCLT Rules, it accepted that the resolution professional was not at fault and approved the revised computation of excluded days, including the period during which the application remained pending. The requested period was excluded from the CIRP timeline and the application was allowed. en-us Tue, 01 Oct 2019 00:00:00 +0530 Wed, 27 Nov 2019 12:04:37 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=388919 The Tribunal addressed exclusion of time from the CIRP timeline where delay arose from late appointment of the resolution professional, delayed receipt of the appointment order, incomplete handover of records, and continued non-cooperation by the suspended board. Relying on Sections 12 and 60(5) of the Insolvency and Bankruptcy Code, 2016 and the applicable NCLT Rules, it accepted that the resolution professional was not at fault and approved the revised computation of excluded days, including the period during which the application remained pending. The requested period was excluded from the CIRP timeline and the application was allowed. Case-Laws Insolvency and Bankruptcy Tue, 01 Oct 2019 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=388919