https://www.taxtmi.com/caselaws?id=408631 Liquidation timelines under the insolvency framework may be extended where the liquidator shows active progress toward completion, and the Tribunal granted a further six months for that purpose. It also applied the Supreme Court's COVID-19 suo motu directions and excluded the lockdown period from computation of the liquidation timeline. The combined effect was to treat the lockdown period as non-countable for liquidation purposes and to allow consequential extension of time for completion of liquidation. en-us Thu, 13 May 2021 00:00:00 +0530 Thu, 17 Jun 2021 11:08:02 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=408631 Liquidation timelines under the insolvency framework may be extended where the liquidator shows active progress toward completion, and the Tribunal granted a further six months for that purpose. It also applied the Supreme Court's COVID-19 suo motu directions and excluded the lockdown period from computation of the liquidation timeline. The combined effect was to treat the lockdown period as non-countable for liquidation purposes and to allow consequential extension of time for completion of liquidation. Case-Laws Insolvency and Bankruptcy Thu, 13 May 2021 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=408631