https://www.taxtmi.com/caselaws?id=293009 The National Company Law Appellate Tribunal extended the period for the 'Resolution Process' under the Insolvency and Bankruptcy Code, 2016 by excluding the lockdown period due to COVID-19. Interim orders/stay orders under the Insolvency and Bankruptcy Code, 2016 and the Companies Act, 2013 will continue until the next hearing date. In competition Appeals, interim directions/stay orders will also be extended, with concerned banks instructed to renew Fixed Deposits for a further six months. These decisions aim to ensure the smooth continuation of legal proceedings during the lockdown. en-us Mon, 30 Mar 2020 00:00:00 +0530 Mon, 13 Sep 2021 10:02:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=293009 The National Company Law Appellate Tribunal extended the period for the 'Resolution Process' under the Insolvency and Bankruptcy Code, 2016 by excluding the lockdown period due to COVID-19. Interim orders/stay orders under the Insolvency and Bankruptcy Code, 2016 and the Companies Act, 2013 will continue until the next hearing date. In competition Appeals, interim directions/stay orders will also be extended, with concerned banks instructed to renew Fixed Deposits for a further six months. These decisions aim to ensure the smooth continuation of legal proceedings during the lockdown. Case-Laws Insolvency and Bankruptcy Mon, 30 Mar 2020 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=293009