https://www.taxtmi.com/caselaws?id=402551 The Tribunal allowed IA No. 348/2020, excluding the lockdown period from 25.03.2020 to 31.07.2020 for calculating the 180-day timeline in the CIRP period due to COVID-19. This decision aligned with Supreme Court and NCLAT orders on extension of limitation and IBBI Regulations, recognizing the impact of the pandemic on legal proceedings and the need to mitigate hardships faced by stakeholders. The exclusion of lockdown days aimed to ensure adherence to prescribed timelines under the Insolvency and Bankruptcy Code, addressing challenges posed by the pandemic on insolvency processes. en-us Wed, 02 Sep 2020 00:00:00 +0530 Wed, 06 Jan 2021 14:11:24 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=402551 The Tribunal allowed IA No. 348/2020, excluding the lockdown period from 25.03.2020 to 31.07.2020 for calculating the 180-day timeline in the CIRP period due to COVID-19. This decision aligned with Supreme Court and NCLAT orders on extension of limitation and IBBI Regulations, recognizing the impact of the pandemic on legal proceedings and the need to mitigate hardships faced by stakeholders. The exclusion of lockdown days aimed to ensure adherence to prescribed timelines under the Insolvency and Bankruptcy Code, addressing challenges posed by the pandemic on insolvency processes. Case-Laws Insolvency and Bankruptcy Wed, 02 Sep 2020 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=402551