https://www.taxtmi.com/caselaws?id=408679 The corporate insolvency resolution process timeline was treated as excluding the period lost to the COVID-19 lockdown and related shutdowns. The Tribunal noted that the resolution process had already been extended, that completion was impeded by the unprecedented pandemic restrictions, and that Regulation 40C had been inserted to exclude lockdown time while computing the resolution period. It also recorded that the period from 25.03.2020 onwards stood excluded for computation purposes. On that basis, the requested exclusion of time from the corporate insolvency resolution process period was accepted. en-us Wed, 09 Jun 2021 00:00:00 +0530 Fri, 18 Jun 2021 08:12:52 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=408679 The corporate insolvency resolution process timeline was treated as excluding the period lost to the COVID-19 lockdown and related shutdowns. The Tribunal noted that the resolution process had already been extended, that completion was impeded by the unprecedented pandemic restrictions, and that Regulation 40C had been inserted to exclude lockdown time while computing the resolution period. It also recorded that the period from 25.03.2020 onwards stood excluded for computation purposes. On that basis, the requested exclusion of time from the corporate insolvency resolution process period was accepted. Case-Laws Insolvency and Bankruptcy Wed, 09 Jun 2021 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=408679