https://www.taxtmi.com/caselaws?id=396120 The National Company Law Appellate Tribunal addressed the impact of the COVID-19 lockdown on the resolution process under the Insolvency and Bankruptcy Code, 2016. The Tribunal excluded the lockdown period from the calculation of the 'Resolution Process' timeline, ensuring no delays. It also directed that interim or stay orders in appeals under the Code would continue until the next hearing date, maintaining legal status quo. The Tribunal emphasized timely resolution completion to alleviate hardships faced by stakeholders and utilized its powers under Rule 11 to issue specific orders for effective management during the lockdown. en-us Mon, 30 Mar 2020 00:00:00 +0530 Mon, 22 Jun 2020 06:40:02 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=396120 The National Company Law Appellate Tribunal addressed the impact of the COVID-19 lockdown on the resolution process under the Insolvency and Bankruptcy Code, 2016. The Tribunal excluded the lockdown period from the calculation of the 'Resolution Process' timeline, ensuring no delays. It also directed that interim or stay orders in appeals under the Code would continue until the next hearing date, maintaining legal status quo. The Tribunal emphasized timely resolution completion to alleviate hardships faced by stakeholders and utilized its powers under Rule 11 to issue specific orders for effective management during the lockdown. Case-Laws Insolvency and Bankruptcy Mon, 30 Mar 2020 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=396120