https://www.taxtmi.com/caselaws?id=406687 The Appellate Tribunal allowed the extension of the Corporate Insolvency Resolution Process (CIRP) period due to the COVID-19 lockdown, extending it up to 29th January, 2021. The Tribunal referred to the Supreme Court's observations regarding the interpretation of the Proviso to Section 12 of the Insolvency and Bankruptcy Code. Approval for the Resolution Plan was pending, and an extension of time was granted beyond the statutory limit to avoid complications. The Tribunal modified the Impugned Order, inclusive of the exclusion of 221 days due to the COVID-19 situation, and disposed of the appeal without costs. en-us Wed, 31 Mar 2021 00:00:00 +0530 Wed, 21 Apr 2021 08:16:29 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=406687 The Appellate Tribunal allowed the extension of the Corporate Insolvency Resolution Process (CIRP) period due to the COVID-19 lockdown, extending it up to 29th January, 2021. The Tribunal referred to the Supreme Court's observations regarding the interpretation of the Proviso to Section 12 of the Insolvency and Bankruptcy Code. Approval for the Resolution Plan was pending, and an extension of time was granted beyond the statutory limit to avoid complications. The Tribunal modified the Impugned Order, inclusive of the exclusion of 221 days due to the COVID-19 situation, and disposed of the appeal without costs. Case-Laws Insolvency and Bankruptcy Wed, 31 Mar 2021 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=406687