https://www.taxtmi.com/caselaws?id=291733 A delay between the insolvency admission order and receipt of its copy by the resolution professional may justify exclusion of that interval from the corporate insolvency resolution process period where the professional could not take charge or perform the statutory duties of asset collection and control. An application under Section 60(5) of the Insolvency and Bankruptcy Code, 2016 sought exclusion of 2 days on the ground that the order was passed on 09.08.2018 but received only on 11.08.2018. The request was supported by the committee of creditors and was treated as consistent with exclusion of time lost due to intervening delay. en-us Thu, 06 Jun 2019 00:00:00 +0530 Tue, 24 Nov 2020 09:38:24 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=291733 A delay between the insolvency admission order and receipt of its copy by the resolution professional may justify exclusion of that interval from the corporate insolvency resolution process period where the professional could not take charge or perform the statutory duties of asset collection and control. An application under Section 60(5) of the Insolvency and Bankruptcy Code, 2016 sought exclusion of 2 days on the ground that the order was passed on 09.08.2018 but received only on 11.08.2018. The request was supported by the committee of creditors and was treated as consistent with exclusion of time lost due to intervening delay. Case-Laws Insolvency and Bankruptcy Thu, 06 Jun 2019 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=291733