https://www.taxtmi.com/caselaws?id=401958 The National Company Law Appellate Tribunal allowed the appeal by the Interim Resolution Professional, setting aside the Adjudicating Authority's order that excluded only 68 days instead of the requested 167 days in the Corporate Insolvency Resolution Process. The Tribunal considered the impact of the COVID-19 pandemic, directing the exclusion of time from 20th March, 2020, to 2nd September, 2020, as recommended by the Committee of Creditors. It instructed the Resolution Professional to proceed promptly with the resolution process and communicated its decision to the Adjudicating Authority for implementation. en-us Tue, 15 Dec 2020 00:00:00 +0530 Mon, 21 Dec 2020 11:06:36 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=401958 The National Company Law Appellate Tribunal allowed the appeal by the Interim Resolution Professional, setting aside the Adjudicating Authority's order that excluded only 68 days instead of the requested 167 days in the Corporate Insolvency Resolution Process. The Tribunal considered the impact of the COVID-19 pandemic, directing the exclusion of time from 20th March, 2020, to 2nd September, 2020, as recommended by the Committee of Creditors. It instructed the Resolution Professional to proceed promptly with the resolution process and communicated its decision to the Adjudicating Authority for implementation. Case-Laws Insolvency and Bankruptcy Tue, 15 Dec 2020 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=401958