https://www.taxtmi.com/caselaws?id=403947 The Tribunal allowed the Resolution Professional's application to extend the Corporate Insolvency Resolution Process (CIRP) period by 90 days, excluding the lockdown period, based on the Committee of Creditors' resolution and legal precedents. Citing Supreme Court and National Company Law Appellate Tribunal orders, and Insolvency and Bankruptcy Board of India regulations, the extension was granted to accommodate the challenges posed by the Covid-19 pandemic. The extension was deemed necessary to ensure a fair resolution process for Jaycon Infrastructure Ltd., with the period extended from 25.03.2020 to 31.07.2020. en-us Fri, 04 Sep 2020 00:00:00 +0530 Fri, 12 Feb 2021 12:00:50 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=403947 The Tribunal allowed the Resolution Professional's application to extend the Corporate Insolvency Resolution Process (CIRP) period by 90 days, excluding the lockdown period, based on the Committee of Creditors' resolution and legal precedents. Citing Supreme Court and National Company Law Appellate Tribunal orders, and Insolvency and Bankruptcy Board of India regulations, the extension was granted to accommodate the challenges posed by the Covid-19 pandemic. The extension was deemed necessary to ensure a fair resolution process for Jaycon Infrastructure Ltd., with the period extended from 25.03.2020 to 31.07.2020. Case-Laws Insolvency and Bankruptcy Fri, 04 Sep 2020 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=403947