https://www.taxtmi.com/caselaws?id=400599 Where liquidation could not be completed within the prescribed one-year period because of a stay order, pending workmen and employee proceedings, and Covid-19 lockdown restrictions, the Tribunal permitted the liquidator to continue the process beyond that period. It also accepted that the affected interval could be excluded from computation of the liquidation timeline, relying on the practical ibility of completing liquidation during the restraint period and the later regulatory amendment recognising lockdown-related exclusion. The period from 20 February 2020 to 30 November 2020 was therefore kept out of the one-year computation, extending the effective time available for completion of liquidation. en-us Tue, 03 Nov 2020 00:00:00 +0530 Wed, 11 Nov 2020 11:57:42 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=400599 Where liquidation could not be completed within the prescribed one-year period because of a stay order, pending workmen and employee proceedings, and Covid-19 lockdown restrictions, the Tribunal permitted the liquidator to continue the process beyond that period. It also accepted that the affected interval could be excluded from computation of the liquidation timeline, relying on the practical ibility of completing liquidation during the restraint period and the later regulatory amendment recognising lockdown-related exclusion. The period from 20 February 2020 to 30 November 2020 was therefore kept out of the one-year computation, extending the effective time available for completion of liquidation. Case-Laws Insolvency and Bankruptcy Tue, 03 Nov 2020 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=400599