https://www.taxtmi.com/caselaws?id=407980 Liquidation timelines under the IBBI (Liquidation Process) Regulations may be extended where the process remains incomplete and assets are still to be realised and distributed. The tribunal extended the corporate debtor's liquidation period by six months, and also treated the COVID-19 lockdown period as excluded from computation of the liquidation timeline, applying the relevant liquidation regulations and the Supreme Court's pandemic-related limitation orders. The application was accordingly allowed in part, with both extension and exclusion granted in favour of the petitioner. en-us Thu, 13 May 2021 00:00:00 +0530 Fri, 28 May 2021 08:38:41 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=407980 Liquidation timelines under the IBBI (Liquidation Process) Regulations may be extended where the process remains incomplete and assets are still to be realised and distributed. The tribunal extended the corporate debtor's liquidation period by six months, and also treated the COVID-19 lockdown period as excluded from computation of the liquidation timeline, applying the relevant liquidation regulations and the Supreme Court's pandemic-related limitation orders. The application was accordingly allowed in part, with both extension and exclusion granted in favour of the petitioner. Case-Laws Insolvency and Bankruptcy Thu, 13 May 2021 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=407980