https://www.taxtmi.com/caselaws?id=407801 A liquidation timeline under the Insolvency and Bankruptcy Board of India (Liquidation Process) Regulations, 2016 was held fit for exclusion where the COVID-19 lockdown impeded completion of liquidation steps, including unsuccessful e-auctions and other process requirements. Regulation 47A was applied to permit exclusion of the lockdown period for tasks that could not be completed because of the disruption. The Adjudicating Authority accepted the reasons for delay as sufficient and excluded 120 days from computation of the liquidation period. en-us Thu, 18 Mar 2021 00:00:00 +0530 Sat, 22 May 2021 08:25:04 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=407801 A liquidation timeline under the Insolvency and Bankruptcy Board of India (Liquidation Process) Regulations, 2016 was held fit for exclusion where the COVID-19 lockdown impeded completion of liquidation steps, including unsuccessful e-auctions and other process requirements. Regulation 47A was applied to permit exclusion of the lockdown period for tasks that could not be completed because of the disruption. The Adjudicating Authority accepted the reasons for delay as sufficient and excluded 120 days from computation of the liquidation period. Case-Laws Companies Law Thu, 18 Mar 2021 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=407801