https://www.taxtmi.com/news?id=22873 Suspension of initiation of corporate insolvency resolution process is introduced for defaults arising on or after 25 March 2020, in view of the disruption caused by the COVID-19 pandemic. No application for initiation of CIRP under sections 7, 9 or 10 may be filed for such defaults for six months, or for any further notified period not exceeding one year from that date. Defaults committed before 25 March 2020 remain outside the suspension, and section 66 is amended to bar applications by a resolution professional where CIRP initiation is suspended under section 10A. en-us Sat, 06 Jun 2020 09:47:26 +0530 Thu, 09 Apr 2026 18:48:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/news?id=22873 Suspension of initiation of corporate insolvency resolution process is introduced for defaults arising on or after 25 March 2020, in view of the disruption caused by the COVID-19 pandemic. No application for initiation of CIRP under sections 7, 9 or 10 may be filed for such defaults for six months, or for any further notified period not exceeding one year from that date. Defaults committed before 25 March 2020 remain outside the suspension, and section 66 is amended to bar applications by a resolution professional where CIRP initiation is suspended under section 10A. News - Sat, 06 Jun 2020 09:47:26 +0530 https://www.taxtmi.com/news?id=22873