https://www.taxtmi.com/caselaws?id=403953 The Tribunal granted the exclusion of specific days from the Corporate Insolvency Resolution Process (CIRP) timeline under the Insolvency and Bankruptcy Code, 2016. The exclusion was approved in accordance with Regulation 40C of IBBI Regulations and the impact of the Covid-19 lockdown. The Resolution Plan, already approved by the Committee of Creditors, was pending adjudication, justifying the exclusion of the requested days. The Tribunal emphasized that further extension of the CIRP period was unnecessary given the circumstances and compliance with legal provisions. en-us Wed, 23 Dec 2020 00:00:00 +0530 Thu, 11 Feb 2021 20:13:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=403953 The Tribunal granted the exclusion of specific days from the Corporate Insolvency Resolution Process (CIRP) timeline under the Insolvency and Bankruptcy Code, 2016. The exclusion was approved in accordance with Regulation 40C of IBBI Regulations and the impact of the Covid-19 lockdown. The Resolution Plan, already approved by the Committee of Creditors, was pending adjudication, justifying the exclusion of the requested days. The Tribunal emphasized that further extension of the CIRP period was unnecessary given the circumstances and compliance with legal provisions. Case-Laws Insolvency and Bankruptcy Wed, 23 Dec 2020 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=403953