https://www.taxtmi.com/caselaws?id=408266 The Tribunal allowed the exclusion and extension of the Corporate Insolvency Resolution Process (CIRP) period requested by the Resolution Professional (RP) due to the Covid-19 lockdown. The RP's applications for exclusion of time between 01.06.2020 and 31.07.2020 and extension of the CIRP period by 90 days were granted under sections 12(2) and 60(5) of the Insolvency and Bankruptcy Code, 2016. The Tribunal considered the reasons for extension and exclusion reasonable and aligned its decision with the Supreme Court's directive on the exclusion of time for limitation periods during the pandemic. en-us Fri, 26 Mar 2021 00:00:00 +0530 Sat, 05 Jun 2021 10:40:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=408266 The Tribunal allowed the exclusion and extension of the Corporate Insolvency Resolution Process (CIRP) period requested by the Resolution Professional (RP) due to the Covid-19 lockdown. The RP's applications for exclusion of time between 01.06.2020 and 31.07.2020 and extension of the CIRP period by 90 days were granted under sections 12(2) and 60(5) of the Insolvency and Bankruptcy Code, 2016. The Tribunal considered the reasons for extension and exclusion reasonable and aligned its decision with the Supreme Court's directive on the exclusion of time for limitation periods during the pandemic. Case-Laws Insolvency and Bankruptcy Fri, 26 Mar 2021 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=408266