https://www.taxtmi.com/caselaws?id=408019 The Tribunal considered the application seeking exclusion and extension of time periods in the Corporate Insolvency Resolution Process (CIRP) under the Insolvency and Bankruptcy Code, 2016. It allowed the exclusion of certain days due to specific reasons such as the stay of the CIRP by the Adjudicating Authority and impact of Covid-19, while rejecting others based on legal provisions and factual circumstances. The Tribunal emphasized the fixed timeline for CIRP completion and the necessity of justifying exclusions with concrete evidence. Overall, the judgment underscores the importance of substantiating claims with legal references and factual support in insolvency proceedings. en-us Tue, 11 May 2021 00:00:00 +0530 Fri, 28 May 2021 19:54:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=408019 The Tribunal considered the application seeking exclusion and extension of time periods in the Corporate Insolvency Resolution Process (CIRP) under the Insolvency and Bankruptcy Code, 2016. It allowed the exclusion of certain days due to specific reasons such as the stay of the CIRP by the Adjudicating Authority and impact of Covid-19, while rejecting others based on legal provisions and factual circumstances. The Tribunal emphasized the fixed timeline for CIRP completion and the necessity of justifying exclusions with concrete evidence. Overall, the judgment underscores the importance of substantiating claims with legal references and factual support in insolvency proceedings. Case-Laws Insolvency and Bankruptcy Tue, 11 May 2021 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=408019