https://www.taxtmi.com/caselaws?id=408263 The Tribunal allowed the exclusion of 62 days from the Corporate Insolvency Resolution Process (CIRP) period of M/s. Meenakshi Energy Ltd. due to the COVID-19 lockdown in Telangana. An extension of 60 days was granted for completion, emphasizing adherence to the 330-day limit under the Insolvency and Bankruptcy Code. The impact of the lockdown on operational activities and engagement with resolution applicants was recognized, with a directive to complete the CIRP within the stipulated period to prevent liquidation proceedings. en-us Fri, 08 Jan 2021 00:00:00 +0530 Tue, 16 Nov 2021 13:15:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=408263 The Tribunal allowed the exclusion of 62 days from the Corporate Insolvency Resolution Process (CIRP) period of M/s. Meenakshi Energy Ltd. due to the COVID-19 lockdown in Telangana. An extension of 60 days was granted for completion, emphasizing adherence to the 330-day limit under the Insolvency and Bankruptcy Code. The impact of the lockdown on operational activities and engagement with resolution applicants was recognized, with a directive to complete the CIRP within the stipulated period to prevent liquidation proceedings. Case-Laws Insolvency and Bankruptcy Fri, 08 Jan 2021 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=408263