https://www.taxtmi.com/caselaws?id=402750 The tribunal accepted that the COVID-19 lockdown period from 25.03.2020 to 07.06.2020 could be excluded while computing the Corporate Insolvency Resolution Process timeline. It noted that the CIRP had already been extended once, but held that the statutory scheme allowing completion within 330 days permitted a further direction to complete the process by a fixed date after excluding the lockdown period. The Resolution Professional was accordingly directed to complete the CIRP by 19.08.2020. en-us Fri, 07 Aug 2020 00:00:00 +0530 Tue, 12 Jan 2021 13:31:03 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=402750 The tribunal accepted that the COVID-19 lockdown period from 25.03.2020 to 07.06.2020 could be excluded while computing the Corporate Insolvency Resolution Process timeline. It noted that the CIRP had already been extended once, but held that the statutory scheme allowing completion within 330 days permitted a further direction to complete the process by a fixed date after excluding the lockdown period. The Resolution Professional was accordingly directed to complete the CIRP by 19.08.2020. Case-Laws Insolvency and Bankruptcy Fri, 07 Aug 2020 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=402750