https://www.taxtmi.com/caselaws?id=404340 The Tribunal granted a 90-day extension to the Corporate Insolvency Resolution Process (CIRP) period of KUT Energy Private Limited, excluding the lockdown period from 25.03.2020 to 31.07.2020. This decision was based on the Resolution Professional's request, supported by the Committee of Creditors' unanimous resolution, citing the impact of lockdown on the resolution process. The Tribunal's decision aligned with legal developments related to COVID-19, following orders from higher courts and regulations by the Insolvency and Bankruptcy Board of India, to accommodate the exceptional circumstances caused by the pandemic. en-us Thu, 03 Sep 2020 00:00:00 +0530 Sun, 21 Feb 2021 18:00:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=404340 The Tribunal granted a 90-day extension to the Corporate Insolvency Resolution Process (CIRP) period of KUT Energy Private Limited, excluding the lockdown period from 25.03.2020 to 31.07.2020. This decision was based on the Resolution Professional's request, supported by the Committee of Creditors' unanimous resolution, citing the impact of lockdown on the resolution process. The Tribunal's decision aligned with legal developments related to COVID-19, following orders from higher courts and regulations by the Insolvency and Bankruptcy Board of India, to accommodate the exceptional circumstances caused by the pandemic. Case-Laws Insolvency and Bankruptcy Thu, 03 Sep 2020 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=404340