https://www.taxtmi.com/caselaws?id=403121 The Tribunal extended the Corporate Insolvency Resolution (CIR) process period by 60 days beyond the initial 270 days, deducting the lockdown period from 25.03.2020 to 31.07.2020. The decision aligned with the Committee of Creditors' resolution and relevant legal provisions, considering the impact of the lockdown on the resolution process timeline. The Tribunal's judgment was based on legal orders and regulations related to COVID-19 extensions, ensuring a comprehensive analysis of the legal framework governing such extensions. en-us Wed, 05 Aug 2020 00:00:00 +0530 Fri, 03 Sep 2021 17:37:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=403121 The Tribunal extended the Corporate Insolvency Resolution (CIR) process period by 60 days beyond the initial 270 days, deducting the lockdown period from 25.03.2020 to 31.07.2020. The decision aligned with the Committee of Creditors' resolution and relevant legal provisions, considering the impact of the lockdown on the resolution process timeline. The Tribunal's judgment was based on legal orders and regulations related to COVID-19 extensions, ensuring a comprehensive analysis of the legal framework governing such extensions. Case-Laws Insolvency and Bankruptcy Wed, 05 Aug 2020 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=403121