https://www.taxtmi.com/caselaws?id=409595 The Tribunal considered whether the corporate debtor's liquidation timeline should be extended and the Covid-19 lockdown period excluded from computation. Relying on the continuing disruption caused by the pandemic and the Supreme Court's suo motu extension of limitation and exclusion of relevant periods in judicial and quasi-judicial proceedings, it held that the liquidation process required additional time and that the lockdown period should not count toward the prescribed timeline. The request for exclusion of the lockdown period and extension of the liquidation period was allowed. en-us Tue, 08 Jun 2021 00:00:00 +0530 Tue, 13 Jul 2021 10:35:29 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=409595 The Tribunal considered whether the corporate debtor's liquidation timeline should be extended and the Covid-19 lockdown period excluded from computation. Relying on the continuing disruption caused by the pandemic and the Supreme Court's suo motu extension of limitation and exclusion of relevant periods in judicial and quasi-judicial proceedings, it held that the liquidation process required additional time and that the lockdown period should not count toward the prescribed timeline. The request for exclusion of the lockdown period and extension of the liquidation period was allowed. Case-Laws Insolvency and Bankruptcy Tue, 08 Jun 2021 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=409595